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《大行》花旗升美團(03690.HK)目標價至110元 評級升至「買入/高風險」
花旗發表研究報告指出,雖然競爭激烈,但美團(03690.HK)去年第四季外賣業務的單位經濟效益(UE)錄得可觀的按季改善,預期今年首季將進一步提升,主要得益於其戰略聚焦於高平均訂單金額(AOV)及高質用戶。該行認為,美團在海外市場的執行力亦得到驗證,Keeta在香港已成功實現盈利,預期沙地阿拉伯的單位經濟效益亦可於2026年底前轉正。雖然目前上調評級可能稍早...
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《大行》花旗升美團(03690.HK)目標價至110元 評級升至「買入/高風險」
Recommend
11
Positive
11
Negative
6
 
 

花旗發表研究報告指出,雖然競爭激烈,但美團(03690.HK)  -1.000 (-1.206%)    Short selling $1.22B; Ratio 25.681%   去年第四季外賣業務的單位經濟效益(UE)錄得可觀的按季改善,預期今年首季將進一步提升,主要得益於其戰略聚焦於高平均訂單金額(AOV)及高質用戶。

該行認為,美團在海外市場的執行力亦得到驗證,Keeta在香港已成功實現盈利,預期沙地阿拉伯的單位經濟效益亦可於2026年底前轉正。雖然目前上調評級可能稍早,且外賣及到店業務的競爭格局仍存在不確定性,但即時配送業務虧損顯著按季改善令人鼓舞。該行預測核心本地電商(CLC)將於今年第三季恢復盈利,而虧損收窄的情況有可能在第二季提前出現,將對股價構成支持。

花旗上調美團今明兩年總收入預測,並將目標價由94元升至110元,評級由「中性/高風險」升至「買入/高風險」。(hc/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-01 16:25.)

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