中国互联网巨头中增长最快！大摩：美团剑指300港元

华尔街见闻11-22 11:33

大摩说，美团港股还要上涨75%。 11月21日，摩根士丹利股票分析师余凯杰及其团队发布报告称，目前，中国消费前景存在不确定性，基准情况下，政府每年推出2-3万亿元人民币刺激计划，预计美团2024至2026年的营业利润复合年增长率（CAGR）有望达到35.7%，是中国互联网巨头中增长最快的公司。如果情况更加乐观，政府推出每年10万亿元的消费刺激计划，预计美团2024至2026年的营业利润CAGR...

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不高兴的小欣
11-22 14:33
不高兴的小欣
最后他还说，上面这些都是我做梦梦到的.刚才一个电话就醒了

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href=https://wallstreetcn.com/articles/3734908><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>大摩说，美团港股还要上涨75%。\n11月21日，摩根士丹利股票分析师余凯杰及其团队发布报告称，目前，中国消费前景存在不确定性，基准情况下，政府每年推出2-3万亿元人民币刺激计划，预计美团2024至2026年的营业利润复合年增长率（CAGR）有望达到35.7%，是中国互联网巨头中增长最快的公司。\n如果情况更加乐观，政府推出每年10万亿元的消费刺激计划，预计美团2024至2026年的营业利润CAGR...</p>\n\n<a 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Morgan Stanley: Meituan aims at HK $300","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MPNGY":1,"03690":1},"content_text":"大摩说，美团港股还要上涨75%。\n11月21日，摩根士丹利股票分析师余凯杰及其团队发布报告称，目前，中国消费前景存在不确定性，基准情况下，政府每年推出2-3万亿元人民币刺激计划，预计美团2024至2026年的营业利润复合年增长率（CAGR）有望达到35.7%，是中国互联网巨头中增长最快的公司。\n如果情况更加乐观，政府推出每年10万亿元的消费刺激计划，预计美团2024至2026年的营业利润CAGR有望达到39.4%；如果政府推出每年1万亿元的消费刺激计划，这一数字则为26.9%。\n大摩认为，凭借中国出色的配送能力、便宜优质的库存单位（SKU），以及创新商业模式，到2030年，中国即时零售市场规模将以20%的CAGR增长至2万亿元。\n目前，阿里巴巴和京东正在失去即时零售市场份额，美团是最有可能抓住这一机遇的公司。因此，基准情况下，即时零售业务将为美团带来200亿元的增量营业利润，乐观情况下，将带来300亿元。\n目前，大摩维持美团港股目标价215港元/股，但到2025年，按照SOTP估值法，大摩认为美团港股的价格上限可以达到300港元/股，且这一概率更高。 \n大摩预计，2025年的美团业务中，食品外卖和到店、酒店及旅游 (IHT) 、即时零售（美团闪购和小象超市）的估值分别为1100亿美元（135港元/股）、750亿美元（90港元/股）、320亿美元（40港元/股），加上280亿美元（35港元/股）的折现净现金及投资，刚好300港元/股。\n如果美团的海外扩张业务、美团优选业务等取得成果，股价还有进一步上行的空间。\n截至发稿，美团港股报170.80港元/股，距离大摩预测的300港元/股还需上涨75.64%。今年以来，美团港股已经涨超了115%。\n\n本文作者：余凯杰、刘颂恩、费怡凡，文章来源：摩根士丹利，原文标题：《迈向300港元之路》风险提示及免责条款\n\n            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11:33","market":"us","language":"zh","title":"中国互联网巨头中增长最快！大摩：美团剑指300港元","url":"https://stock-news.laohu8.com/highlight/detail?id=2485098944","media":"华尔街见闻","summary":"大摩认为，到2030年，中国即时零售市场规模将增长至2万亿元，阿里巴巴和京东正在失去这一市场的份额，美团是最有可能抓住这一机遇的公司。目前，美团港股的价格距离大摩预测的300港元/股还需上涨75.64%。","content":"<html><body><p>大摩说，美团港股还要上涨75%。</p>\n<p>11月21日，<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>股票分析师余凯杰及其团队发布报告称，目前，中国消费前景存在不确定性，<strong>基准情况下，政府每年推出2-3万亿元人民币刺激计划，预计美团2024至2026年的营业利润复合年增长率（CAGR）有望达到35.7%，是中国互联网巨头中增长最快的公司。</strong></p>\n<p>如果情况更加乐观，政府推出每年10万亿元的消费刺激计划，预计美团2024至2026年的营业利润CAGR有望达到39.4%；如果政府推出每年1万亿元的消费刺激计划，这一数字则为26.9%。</p>\n<p>大摩认为，凭借中国出色的配送能力、便宜优质的库存单位（SKU），以及创新商业模式，<strong>到2030年，中国即时零售市场规模将以20%的CAGR增长至2万亿元。</strong></p>\n<p><strong>目前，阿里巴巴和<a href=\"https://laohu8.com/S/JD\">京东</a>正在失去即时零售市场份额，美团是最有可能抓住这一机遇的公司。</strong>因此，基准情况下，即时零售业务将为美团带来200亿元的增量营业利润，乐观情况下，将带来300亿元。</p>\n<p><strong>目前，大摩维持美团港股目标价215港元/股，但到2025年，按照SOTP估值法，大摩认为美团港股的价格上限可以达到300港元/股，且这一概率更高。 </strong></p>\n<p>大摩预计，2025年的美团业务中，食品外卖和到店、酒店及旅游 (IHT) 、即时零售（美团闪购和小象超市）的估值分别为1100亿美元（135港元/股）、750亿美元（90港元/股）、320亿美元（40港元/股），加上280亿美元（35港元/股）的折现净现金及投资，刚好300港元/股。</p>\n<p>如果美团的海外扩张业务、美团优选业务等取得成果，股价还有进一步上行的空间。</p>\n<p>截至发稿，美团港股报170.80港元/股，距离大摩预测的300港元/股还需上涨75.64%。今年以来，美团港股已经涨超了115%。</p>\n<p><img src=\"https://wpimg-wscn.awtmt.com/36ce6813-f14e-46ae-b6b4-0df934f4a311.png\"/></p>\n<p><span>本文作者：余凯杰、刘颂恩、费怡凡，文章来源：摩根士丹利，原文标题：《迈向300港元之路》</span></p><div>风险提示及免责条款</div>\n<div>\n            市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。\n          </div>\n</body></html>","source":"wallstreetcn_hot_news","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta 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width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n中国互联网巨头中增长最快！大摩：美团剑指300港元\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 11:33 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3734908><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>大摩说，美团港股还要上涨75%。\n11月21日，摩根士丹利股票分析师余凯杰及其团队发布报告称，目前，中国消费前景存在不确定性，基准情况下，政府每年推出2-3万亿元人民币刺激计划，预计美团2024至2026年的营业利润复合年增长率（CAGR）有望达到35.7%，是中国互联网巨头中增长最快的公司。\n如果情况更加乐观，政府推出每年10万亿元的消费刺激计划，预计美团2024至2026年的营业利润CAGR...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3734908\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://wpimg-wscn.awtmt.com/47cdf524-f46e-40fc-9507-3e06761e3073.png","relate_stocks":{"LU0431992006.USD":"摩根大通新兴市场机会A（acc）","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","LU0228659784.USD":"施罗德金砖四国基金","LU0011963245.USD":"abrdn SICAV I ASIA PACIFIC SUSTAINAB  LE EQUITY \"A\" (USD) ACC","BK4122":"互联网与直销零售","LU0502904849.HKD":"FIDELITY FUNDS  CHINA INNOVATION \"A\" (HKD) ACC","LU0158827781.USD":" ALLIANZ 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GF DRAGON GROWTH \"AA\" (HKD) INC","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","LU1807302812.USD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (USD) ACC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","LU0509642566.USD":"SCHRODER ISF GLOBAL EMERGING MARKET OPPORTUNITIES \"A\" (USD) INC AV","LU2488822045.USD":"ALLIANZ CHINA HEALTHY LIVING \"AT\" (USD) ACC"},"source_url":"https://wallstreetcn.com/articles/3734908","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2485098944","content_text":"大摩说，美团港股还要上涨75%。\n11月21日，摩根士丹利股票分析师余凯杰及其团队发布报告称，目前，中国消费前景存在不确定性，基准情况下，政府每年推出2-3万亿元人民币刺激计划，预计美团2024至2026年的营业利润复合年增长率（CAGR）有望达到35.7%，是中国互联网巨头中增长最快的公司。\n如果情况更加乐观，政府推出每年10万亿元的消费刺激计划，预计美团2024至2026年的营业利润CAGR有望达到39.4%；如果政府推出每年1万亿元的消费刺激计划，这一数字则为26.9%。\n大摩认为，凭借中国出色的配送能力、便宜优质的库存单位（SKU），以及创新商业模式，到2030年，中国即时零售市场规模将以20%的CAGR增长至2万亿元。\n目前，阿里巴巴和京东正在失去即时零售市场份额，美团是最有可能抓住这一机遇的公司。因此，基准情况下，即时零售业务将为美团带来200亿元的增量营业利润，乐观情况下，将带来300亿元。\n目前，大摩维持美团港股目标价215港元/股，但到2025年，按照SOTP估值法，大摩认为美团港股的价格上限可以达到300港元/股，且这一概率更高。 \n大摩预计，2025年的美团业务中，食品外卖和到店、酒店及旅游 (IHT) 、即时零售（美团闪购和小象超市）的估值分别为1100亿美元（135港元/股）、750亿美元（90港元/股）、320亿美元（40港元/股），加上280亿美元（35港元/股）的折现净现金及投资，刚好300港元/股。\n如果美团的海外扩张业务、美团优选业务等取得成果，股价还有进一步上行的空间。\n截至发稿，美团港股报170.80港元/股，距离大摩预测的300港元/股还需上涨75.64%。今年以来，美团港股已经涨超了115%。\n\n本文作者：余凯杰、刘颂恩、费怡凡，文章来源：摩根士丹利，原文标题：《迈向300港元之路》风险提示及免责条款\n\n            市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何意见、观点或结论是否符合其特定状况。据此投资，责任自负。","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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