招银证券：给予美团-W(03690.HK)“增持”评级目标价172.00港元看热讯

来源：同花顺金融研究中心时间：2023-05-30 01:54:09

【资料图】

招银证券5月29日发布公告。New initiatives continue to drive for operating efficiency improvement. Revenue generated from new initiatives was RMB15.7bn in 1Q23, up 30% YoY, inline with our estimate. Operating loss for the segment was RMB5.0bn, better than our estimate at RMB5.6bn, implying a loss margin of 32% (1Q22: 70%), driven by better-than-expected operating efficiency improvement of both Meituan Select and other new initiatives. We expect Meituan to continue to drive for operating efficiency improvement across business lines in 2023, although 2Q23 is likely to see some short-term disturbance, as Meituan Select needs to increase subsidy to drive for better consumer engagement amid the release of pent-up demand for offline activities. We forecast OP loss for new initiatives to narrow to RMB5.3bn/19.4bn in 2Q23/2023 (2Q22/2022: RMB6.8bn/28.4bn).

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招银证券：给予美团-W(03690.HK)“增持”评级 目标价172.00港元 看热讯

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招银证券：给予美团-W(03690.HK)“增持”评级目标价172.00港元看热讯