《大行報告》美銀證券下調呷哺呷哺(00520.HK)目標價至18.8元 評級「買入」
美銀證券發表研究報告指,呷哺呷哺(00520.HK)確認旗下湊湊CEO張振緯離任的消息,張氏自品牌創立後,一直出任CEO職位。湊湊在過去數年一直錄穩健增長,分店數目140間,去年收入達17億元人民幣(佔集團整體31%),並成為公司增長主要動力。雖然短期經營穩定,但不排除未來經營存在不確定性。
該行指,湊湊於首季擴張未符預期,只錄3間新店,而全年目標為70間。不過,因應首季屬傳統開店淡季,料餘下時間擴張會逐步加快。暫時維持對公司的預期,目標價下調9%至18.8元,維持「買入」評級。
該行又指,公司4月份營運按月有改善,而復甦速度在上市同業中最快,即將迎接5月黃金周和6月起的學校假期,相信第二季表現會較首季更好。
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