《大行报告》麦格理下调呷哺呷哺(00520.HK)目标价至19.7元 评级「跑赢大市」
麦格理发表研报指,呷哺呷哺(00520.HK)日前发盈利预警,预期2020年度收入按年跌9.5%,纯利预测介乎1,000万至2,000万元人民币,该行相应将2020至2021年盈利预测下调55.5%及1.4%,目标价降至19.7元。
但该行解释,餐饮市场最受疫情影响,因此投资者对盈警未感到太意外,维持「跑赢大市」评级。
该行指出,虽然近期内地北方地区确诊个案增加,影响呷哺呷哺复苏步伐,但预期疫情大体上已受控,相信负面影响属暂时性。报告提及,呷哺呷哺旗下高端品牌「凑凑火锅」去年下半年已恢复单位数增长,发展潜力仍强劲,估计今年将贡献约35%销售额;调味品和茶水供应业务规模仍较小,去年料贡献单位数占比。
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