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《大行》里昂升拼多多(PDD.US)目標價至142美元 次季業績勝預期
阿思達克 08-26 12:14
里昂研究報告表示,拼多多(PDD.US)今年第二季業績勝預期,總收入按年增長7.1%至1,040億元人民幣,經調整EBIT按年下降20.7%至277億元人民幣,分別較該行預期高2%及55%,主要由於來自線上營銷收入按年增長13%,且國內營銷抽成率可能按季改善0.2個百分點,並得益於更高效的自動廣告投放系統。 里昂估計拼多多今年第二季中國國內收入按年增長14%,相較於首季增長6%有所改善,國內抽成率(廣告加佣金)按年下降0.2個百分點,但按季上升0.2個百分點至5.6%。 此外,該行預期拼多多下半年受基數較低影響,盈利增長或放緩,對其今明兩年經調整淨利潤預測上調5%及6%,目標價由128美元上調至142美元,重申「跑贏大市」評級。
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