《大行》花旗升極兔(01519.HK)目標價至12元 看好海外業務發展潛力
花旗發表研究報告指,極兔快遞-W(01519.HK)上半年經調整盈利較市場預期低15%,相信是由於中國市場單位EBIT因平均售價按年下降而顯著受壓,期內東南亞及新市場的單位EBIT則符合預期。
展望未來,花旗預期東南亞業績盈利將主要受到強勁包裹量增長及穩定單位盈利的推動,看好海外業務存在發展潛力,維持「買入」評級,目標價由8.3元上調至12元。但因上半年中國市場競爭異常激烈,該行將2025至2027年盈利預測分別下調15%、5%及3%,目前仍預期中國市場下半年包裹量增長將放緩,而極兔或能保持穩定市場份額,盈利亦可能較上半年略為改善。
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