大行评级|小摩:升贝壳H股目标价至65港元,列为中国文娱/垂直互联网领域首选股之一

格隆汇
Yesterday
摩根大通发表研报,将贝壳目标价由59港元升至65港元,美股目标价由23美元升至25美元,评级“增持”,列为中国文娱/垂直互联网领域首选股之一。该行预计贝壳2026至2028年经营溢利复合年增长率约25%,受惠于二手市场改善(公司约40%利润来自二手交易,受惠近期楼市政策)、租赁服务(预计2026年利润约10亿元,量增逾30%)及家装业务(第三季料达收支平衡)。该行认为人工智能有助公司向发展商及买家提供更好住屋服务、扩大市占,并提升顶尖代理效率。

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