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大行評級|大摩:上調同程旅行目標價至18港元 上調2024至26年每股盈測
格隆匯 08-21 10:33

摩根士丹利發表研究報吿指,同程旅行次季總收入為42億元,符合市場預測。集團認為宏觀環境對其低線城市客户的影響較小,並預期下半年將加快增長。大摩預期,同程旅行核心OTA的酒店和運輸收入在第三季將分別按年增長20%和19%,較第二季的按年增長13%和17%加快。自6月起,集團已將下半年銷售及管理費用縮減至2019年的水平,並改善員工編制。

該行預期,集團第三季的經調整淨利潤為8億至8.5億元。全年而言,該行預計2024年及25年的經調整淨利潤分別為26億及31億元。該行分別上調集團2024至26年的每股盈測6%、14%及8%,目標價由17港元升至18港元,評級為“增持”。

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