2024 年4 季度业绩好于预期,多项业务收入及经营指标实现双位数增长,我们预计在政策利好以及零售供应链能力提升的带动下,2025 年1 季度趋势持续,全年收入加速增长,利润率在保持用户投入的基础上保持稳定,新业务审慎投入,我们上调2025 年收入/每股盈利预测3%/5%,基于13 倍2025 年市盈率不变,目标价从60 美元/233 港元上调至62 美元/240 港元。维持买入。2024 年4 ...
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