《大行》汇研微降顺丰同城(09699.HK)目标价至21.4元 对有机增长仍有信心

阿斯达克财经
Feb 04

汇丰研究报告指,顺丰同城(09699.HK) 预告2025年利润不低于2.38亿人民币(下同),低于该行预期,主要因股权激励薪酬高于预期。不过,经调整净利润不低于3.76亿元,则胜该行预期。虽然近期市场审视即时零售平台,该行仍对顺丰同城的有机增长保持信心,预期2024至2027年收入年复合增长率达33%,相较于2021至2024年期间为24%。考虑到“最后一里路”配送增长放缓,该行将2026及...

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