汇丰研究发表报告指出，美团-W(03690.HK) 于2022年7月以来，已在七个试点城市投入14亿元人民币为骑手缴纳社保，至2023年底覆盖多达450万名骑手。
该行对美团外卖业务长期前景持建设性看法，但预计为外卖骑手缴纳社保的消息或对市场情绪产生负面影响，并影响股价，因市场或忧虑其外卖业务单位经济效益(UE)上行惊喜空间短期受限。鉴于美团逐步推广为外卖骑手缴纳社保的措施至其他城市，该行相信对集团今年盈利影响可控。
此外，虽然京东-SW(09618.HK) 扩大外卖业务引发市场对美团竞争加剧的忧虑，但该行认为美团收入增长强劲，京东难以挑战其地位，维持对其“买入”评级，目标价220元，估值吸引。(jl/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-02-20 12:25。)
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