该行预计，移卡2024年支付GPV及收入分别为2.4万亿/28亿元人民币。移卡加速拓展海外支付及商户服务。新加坡上半年支付GPV增长50%，该行预计，集团下半年的收入及利润增量贡献或是其下一增长点。Bocom Intl expects yeahka to have a GPV and revenue of 2.4 trillion/2.8 billion RMB in 2024.
According to the Futu Securities app, Bocom Intl released a research report stating that it maintains a "neutral" rating for yeahka (09923), switches the valuation to 2025, and adjusts the group's target price by 7%, from HK$14 to HK$13.
Due to the impact of the high base and the decline in average consumer spending in the first half of 2024, the group's total payment transaction volume (GPV) and payment revenue in the first half of the year both decreased by 18%/27% year-on-year, to 1.17 trillion/1.3 billion RMB. As a result, yeahka's first-half revenue and adjusted net income both decreased by 23%/29% year-on-year, to 1.6 billion/0.16 billion RMB.
The bank predicts that yeahka's GPV and revenue will be 2.4 trillion/2.8 billion RMB in 2024. Yeahka is accelerating its expansion in overseas payments and merchant services. Singapore's GPV grew by 50% in the first half of the year, and the bank predicts that the group's income and profit growth in the second half may be its next growth point.