《大行报告》高盛首予九毛九(09922.HK)「买入」评级 纳确信买入名单
高盛发表研究报告,在去年内地餐饮市场经历疫情打击後,更新行业预测,料今年按年录19%复苏,或较2019年水平高出2%,2019至2026年年均复合增长料8%。该行料三大推动力(即对服务体验欲望、开支能力提升及市场整合),加上四大主题(即门店升级投资、数码化、全渠道杠杆及强劲经营模式支持的规模扩张),将持续支持市场领导扩大市占。
报告亦更新行业所覆盖公司。将行业首选由百胜中国(YUMC.US)转至九毛九(09922.HK),料後者在经营高效、Z世代追捧、价值定位、产品质素及供应链支持下,核心「太二」品牌市占持续扩张,并料公司进军价值800亿美元的火锅领域。该行料九毛九2021至2026年间销售及纯利年均复合增长分别30%及33%,并料即将迎来的五一长假到店需求复苏属短期股价催化剂;高盛并首予九毛九「买入」评级,目标价38元,并纳入「确信买入」名单。该行并将百胜中国剔出「确信买入」名单,维持「买入」评级,考虑其本年至今股价相对同业强势,潜在上行空间相对有限,目标价70美元。
该行另予呷哺呷哺(00520.HK)「买入」评级,目标价18元;海底捞(06862.HK)评级「中性」,目标价56元。
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