《大行報告》大和上調新東方在線(01797.HK)目標價至64元 評級「持有」
大和發表研究報告指,新東方在線(01797.HK)已公布2023財年的中期業績,盈利超出該行及市場預期,同時,營運支出少於預期。另外,網站成交金額(GMV)在進入農曆新年假後開始正常化,每日GMV由1月初的逾4,000萬人民幣到最近進入年假的1,500至2,500萬人民幣。集團需要通過擴大銷售和直播渠道來獲得更強勁的GMV。該行表示,市場將把注意力轉移到新渠道帶來的GMV上升空間上。
該行指,由於更高的直播利潤率,上調集團2023至24財年的每股盈測17到22%,維持「持有」評級,目標價由50元上調至64元。
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