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《大行報告》大和升攜程(09961.HK)目標價至487元 評級「買入」
大和發表報告指,攜程(09961.HK)(TCOM.US)提出2023年至2028年收入年複合增長率15%至25%指引爲最大驚喜,併成爲價值重估催化劑,因其向投資者提供清晰增長能見度,並消除投資者對疲軟宏觀環境潛在負面影響的憂慮。 大和表示,基於攜程盈利率將維持高水平及受惠於結構性改變趨勢,相信該股值得較同業擁有溢價,亦見攜程經營溢利率有上望空間。 大和上調對攜程今明兩年每股盈利預測5%至12%,反映公司有紀律的成本控制,並重申「買入」評級,H股目標價由430元上調至487元。該行視攜程爲行業首選股之一。
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