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《大行報告》高盛首予九毛九(09922.HK)「買入」評級 納確信買入名單
阿思達克 04-20 12:09
高盛發表研究報告,在去年內地餐飲市場經歷疫情打擊後,更新行業預測,料今年按年錄19%復甦,或較2019年水平高出2%,2019至2026年年均複合增長料8%。該行料三大推動力(即對服務體驗欲望、開支能力提升及市場整合),加上四大主題(即門店升級投資、數碼化、全渠道槓桿及強勁經營模式支持的規模擴張),將持續支持市場領導擴大市佔。

報告亦更新行業所覆蓋公司。將行業首選由百勝中國(YUMC.US)轉至九毛九(09922.HK),料後者在經營高效、Z世代追捧、價值定位、產品質素及供應鏈支持下,核心「太二」品牌市佔持續擴張,並料公司進軍價值800億美元的火鍋領域。該行料九毛九2021至2026年間銷售及純利年均複合增長分別30%及33%,並料即將迎來的五一長假到店需求復甦屬短期股價催化劑;高盛並首予九毛九「買入」評級,目標價38元,並納入「確信買入」名單。該行並將百勝中國剔出「確信買入」名單,維持「買入」評級,考慮其本年至今股價相對同業強勢,潛在上行空間相對有限,目標價70美元。

該行另予呷哺呷哺(00520.HK)「買入」評級,目標價18元;海底撈(06862.HK)評級「中性」,目標價56元。

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