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野村:料太興(6811.HK)最差時期已過去 銷售將自第二季起恢復
格隆匯 05-12 13:17

野村發表研究報告指,由於新型冠狀病毒肺炎疫情的影響,太興集團(6811.HK)管理層預計今年首季銷售將按年下跌20%至25%,該行預料銷售將於第二季開始恢復。野村維持太興目標價1.47港元,以及買入評級。

野村表示,由於疫情的影響逐漸減弱,加上本地的客流量增加,支持集團收入在第二季開始恢復,因此維持集團今年全年收入預測為按年下跌1.3%。儘管用餐的客流量減少,但太興仍積極地與內地及香港的第三方領先外賣平台合作,以促進外賣的銷售,相信強勁的外賣銷售及其成本控制措施,可緩解相關不利因素。

該行指,集團香港的外賣銷售在2月份增加至佔整體銷售逾6%,而1月份僅2.4%。當中,茶木2月份的外賣銷售佔20%,而1月份則只有3%至4%,預料3月及4月的銷量將進一步增加。

此外,該行又指,鑑於市場環境疲弱,香港政府採取了一系列的支援措施。考慮到未來幾季有政府的支援及租金的減少,認為集團最惡劣的時間已經過去,業務將自第二季起有所改善。

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