汇丰:升美团(3690.HK)目标价至113港元 评级“买入”
汇丰环球研究发表报告指,美团点评(03690.HK)第三季盈利强劲,表现优于预期,料集团的盈利能力趋势将会继续,但由于管理层强调对科技积极投资,及会继续新举措,因此预期集团未来盈利将以温和速度改善。
该行上调对美团股份目标价,由111港元升至113港元,维持“买入”评级。汇丰认为,集团收入及经营利润率表现胜预期,使其可有弹性为未来增长作再投资,而且亦有助维持生态系统的健康。
基於第三季业绩较预期为佳,以及未来盈利能力可见度改善,该行上调美团今年至2021年的非通用会计准则纯利预测4%至227%,并预料其经调整经营利润率将由今年的4%,上升到明年的8%。

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