《大行報告》麥格理下調呷哺呷哺(00520.HK)目標價至19.7元 評級「跑贏大市」
麥格理發表研報指,呷哺呷哺(00520.HK)日前發盈利預警,預期2020年度收入按年跌9.5%,純利預測介乎1,000萬至2,000萬元人民幣,該行相應將2020至2021年盈利預測下調55.5%及1.4%,目標價降至19.7元。
但該行解釋,餐飲市場最受疫情影響,因此投資者對盈警未感到太意外,維持「跑贏大市」評級。
該行指出,雖然近期內地北方地區確診個案增加,影響呷哺呷哺復甦步伐,但預期疫情大體上已受控,相信負面影響屬暫時性。報告提及,呷哺呷哺旗下高端品牌「湊湊火鍋」去年下半年已恢復單位數增長,發展潛力仍強勁,估計今年將貢獻約35%銷售額;調味品和茶水供應業務規模仍較小,去年料貢獻單位數佔比。
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