《大行報告》里昂升攜程(TCOM.US)目標價至55美元 季績遠勝預期
里昂發表報告指,攜程(TCOM.US)第四財季業績遠勝預期,總收入按年增長105%至103億元人民幣,比該行預期高出2%;經調整息稅前利潤為26億人民幣,高過該行預期的18億元人民幣,反映冬季旅遊需求強勁。
里昂指,去年攜程的總商品成交額為1,600億美元,比2019年增長 30%。與新冠之前相比,攜程的員工人數減少,營銷效率提高,因此第四經調整季息稅前利潤率仍保持在25.6%的高水平。憑借穩健的春節旅遊需求,該行預計攜程將在今年第一季實現25%的收入按年增長。
里昂將攜程2024和2025年經調整淨利潤預期分別上調11%和9%,目標價從50美元上調至55美元。維持「買入」評級。
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