大行評級|大摩:內地領先線上企業盈利具韌性 予滿幫及貝殼“增持”評級
摩根士丹利的研究報吿指,預期如滿幫及BOSS直聘等領先線上企業有望在下半年交出具韌性的利潤表現,指出有限的競爭有助企業維持其長期利潤率,故較高的預測估值倍數仍屬合理。大摩對BOSS直聘美股目標價為16美元,評級“增持”;汽車之家美股目標價上調13%至27美元,評級“與大市同步”。該行維持予滿幫及貝殼美股評級均為“增持”,目標價分別為10美元及19美元。該行預料,BOSS直聘、滿幫及貝殼主打滲透率的策略以及有限競爭可帶動經營槓桿及維持長期利潤率,相信公司對股東回報的承諾可為其股價提供下行保護。
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