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《大行報告》高盛下調海底撈(06862.HK)、呷哺呷哺(00520.HK)及頤海國際(01579.HK)盈測及目標價
阿思達克 03-03 10:00
高盛發表報告下調呷哺呷哺(00520.HK)、海底撈(06862.HK)及頤海國際(01579.HK)今年盈利預測分別79%/70%/7%,以反映收入下跌、延遲店舖擴張及經營去槓桿的因素,該行預計覆蓋的餐飲股今年上半年業績將錄虧損;同時將呷哺呷哺、海底撈及頤海國際2021年盈利預測下調9%/13%/3%,以反映潛在擴張計劃及持續人流增長的變化。報告補充,面對新冠病毒疫情持續發展及變化將會影響餐飲股短期業務表現,認為致力推動外賣收入、租金談判和加強現金流是品牌的當務之急,惟看好內地餐飲市場長遠增長的前景。該行更指,現金流挑戰以及消費者對健康/安全意識的增強可能會加速行業整合,令行業龍頭公司受惠,因此維持呷哺呷哺「買入」評級,而海底撈則為「中性」評級。
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