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大行評級 | 建銀國際:維持平安好醫生(1833.HK)“跑贏大市”予目標價31.7港元
格隆匯 08-31 17:02
格隆匯8月31日丨建銀國際發研報指,平安好醫生(1833.HK)2022年上半年進行持續進行業務戰略轉變,繼續縮減其在線商城業務,並專注於金融(f端)和商務(b端)客戶的管理式護理業務。同時,上半年是公司從在線健康商城中淘汰部分2B藥品等低產領域的過渡期。另外,上半年毛利率同比提高了8.0ppt至27.3%,主要是由於會員產品和服務的收入增加,醫療服務毛利率有所改善。基於5月份線下諮詢服務的復甦,該行相信健康服務將在今年下半年迴歸正增長(22億元人民幣),而醫療服務將隨着公司建立具有穩定性的企業客戶羣而繼續實現增量增長。建銀國際維持平安好醫生“跑贏大市”評級,予目標價31.7港元。
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