《大行》花旗:携程(TCOM.US)首季Non-GAAP纯利超市场预测9% 评级“买入”目标价75美元

阿斯达克财经
May 20

花旗发表报告,指携程(TCOM.US)  首季收入按年升16%至138亿元人民币,符该行及市场预期。首季毛利率80.4%,高于去年末季的79.3%,略低于该行预期的81%。非通用会计准则(Non-GAAP)经营溢利率29.2%,高于该行预期的27.5%。季度Non-GAAP纯利41.9亿元人民币,高于市场预测9%。
花旗认为携程季绩与投资者期望相符。首季经营溢利率29.2%,高于管理层指引,与投资者期望大致相符,意味开支或低于公司指引。由于去年同期高基数及MakeMyTrip(MMYT.US)  首季股价呆滞,联营公司由盈转亏并不令人意外。

该行认为管理层对次季展望的语气将是未来股价去向的关键,予其美股评级“买入”,目标价75美元。(da/u)(美股为即时串流报价; OTC市场股票除外,资料延迟最少15分钟。)

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