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《大行報告》大摩料美團(03690.HK)次季非國際會計準則淨虧損19億人民幣 優於市場預期
摩根士丹利發表研究報告,預期美團(03690.HK)第二季業績將反映受疫情的影響,但總體表現應好過市場憂慮,主要歸功於6月份出現復甦勢頭。公司成本優化按計劃進行中,相信有助緩衝下半年收入增長的不利因素,並帶來盈利拐點。 該行預期,美團第二季收入495億元人民幣,按年增長13%,按季升7%,以反映4月至5月中旬受疫情的影響,但隨著內地主要城市在「封城」後重新開放,公司於6月份的反彈具韌性。估計美團非國際財務報告準則淨虧損達19億元人民幣,優於市場預期。 此外,摩根士丹利估計在宏觀不確定性持續及疫情不穩下,美團下半年核心業務逐漸復甦,另鑑於最近上海疫情捲土重來,該行對美團的收入復甦變得更為保守,料全年公司收入2,125億元人民幣,按年增長19%,低過市場預期,另將每股虧損預測收窄6%。對其2023至2024年預測則大致保持不變,仍預期疫情防控措施正常化後,美團將恢復穩定增長,而公司仍是該行在中國互聯網股票中的首選。維持對其「增持」評級,目標價240元。
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