智通财经APP获悉，德银发布研报称，携程集团-S(09961)去年第四季业绩表现胜预期，反映各业务板块的需求均稳健，国际业务平台录得约60%同比增长，主要受惠于亚太区在线渗透率提升，国内酒店平均每日房价亦恢复同比增长。目标价由724港元下调至630港元，维持“买入”评级。
但德银亦提醒，来自政策层面的风险尚未消除，国家市场监督管理总局的调查及其潜在营运调整仍是当前主要风险，因应潜在影响，将2026及2027财年收入预测下调1%，经调整净利润预测分别下调4%及5%。
智通财经APP获悉，德银发布研报称，携程集团-S(09961)去年第四季业绩表现胜预期，反映各业务板块的需求均稳健，国际业务平台录得约60%同比增长，主要受惠于亚太区在线渗透率提升，国内酒店平均每日房价亦恢复同比增长。目标价由724港元下调至630港元，维持“买入”评级。
但德银亦提醒，来自政策层面的风险尚未消除，国家市场监督管理总局的调查及其潜在营运调整仍是当前主要风险，因应潜在影响，将2026及2027财年收入预测下调1%，经调整净利润预测分别下调4%及5%。
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