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​匯證:維持大快活(0052.HK)18港元目標價 評級“持有”
格隆匯 07-02 16:24

匯證發表研究報告指,大快活集團(0052.HK)截至今年3月底止全年度收入按年下降66%,下行壓力將持續到未來數月,長期而言,匯證仍然相信集團在內地保守的市場擴展策略,將令其增長前景受制,維持其18港元目標價和“持有”評級不變。

匯證將大快活2021財年的盈利預測下調45%,以反映會計準則改變之影響,而2022財年的盈利預測僅調低5%。

匯證指,大快活高度專注於快餐服務,在不確定性高的情況下,快餐往往比其他類型的餐廳服務,如休閒餐飲或高檔餐飲更穩定,並且在情況改善時也可能出現更快反彈。該行續指,集團提議派發末期股息每股50港仙,使全年派息比率達到150%以上,認為這凸顯了其對財務穩健和流動性的信心。

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