摩通发布研究报告指，携程(TCOM.US) 第四季净收入按年升23%至127.4亿元，胜于预期，调整后营运利润达27.6亿元，胜于预期，调整后每股盈利达4.35元人民币，胜于预期。
该行预料，由于国际OTA业务、trip.com等用户增长力度提高，令销售和行销比率上升，利润率前景下降，故料其股价对第四季业绩产生负面反应。该行认为，鉴于2024年的91%强劲回报率，Gen AI 采用带来的短期收益不足以及利润率前景疲软，投资者可能会在业绩公布后沽货获利。
该行将公司今年及明年每股盈利预测各下调4%，其目标价由600元下调至580元，维持其“增持”评级。(ca/u)
(美股为即时串流报价； OTC市场股票除外，资料延迟最少15分钟。)
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