港股异动丨同程旅行一度涨超9%,Q4业绩表现稳健,获麦格理上调目标价

格隆汇
21 Mar
同程旅行(0780.HK)盘中一度涨超9%至20.1港元,截至半日收盘涨5.01%报19.3港元。
消息面上,同程旅行公布截至去年底全年纯利19.74亿元,同比升27%,每股基本盈利0.87元,派发末期息0.18港元。期内收入173.41亿元,升45.8%;经调整EBITDA按年增加29.7%至40.5亿元。
截至去年第四季期内溢利同比升14.2%至3.55亿元,收入同比升34.8%至42.38亿元,经调整EBITDA同比升39.4%至9.98亿元。
麦格理发表研究报告指,同程旅行2024年第四季业绩表现稳健,得益于用户补贴政策调整和增值服务交叉销售改善,平台佣金率显著提升。考虑到今年出境游业务贡献增加,以及平台佣金率持续健康成长,该行预计同程旅行利润率将扩张。考虑到利润前景更强劲,将今明两年经调整净利润预测分别上调4%及2%,目标价从23.4港元上调至24.3港元,评级“跑赢大市”。

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