中金:上調泡泡瑪特(9992.HK)目標價至90港元 評級跑贏行業
中金公司研報指,上調泡泡瑪特(9992.HK)目標價6%至90港元,對應2022年66倍市盈率,料有上升空間,主要因為調整盈利預測,評級跑贏行業。
中金指,考慮公司產品推新加速及供應鏈明顯改善,上調2021及2022年每股盈利預測5.4%及3.1%至0.79元人民幣及1.18元人民幣,看好公司作為潮玩IP運營平台龍頭的發展前景。
中金預期,國內線下零售店全年新增約100家門店,其中上半年約30040家,線上小程序作為高粘性渠道有望延續良好增長態。京東集團(09618)作為去年新增渠道表現相對突出,海外門店拓展因去年疫情延後,今年計劃加速發展,預計全年新增18-20家門店,但實際開店節奏仍需根據全球疫情情況動態調整。會員方面,中金預計最新會員數超過1000萬人,除拉近外,公司今年也將更多精力放在提高會員粘性上,持續會員運營。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.