瑞信:降海底撈(6862.HK)評級至中性 目標價50港元
瑞信發表報吿,將海底撈(6862.HK)評級由跑贏大市調低至中性,維持目標價50港元。
報吿指,該行早前提及,認為餐飲股出現過度調整,海底撈估值吸引,經過去一個月公司股價上升20%後,該行認為股價再上升幅度有限,因此調低公司評級,同時維持目標價水平。報吿又指,公司上半年預計淨開店285間,翻桌率回覆至2019年上半年的70%水平,預計公司上半年收入及純利將有207億元人民幣及13億元人民幣。
報吿又指,由於海底撈復甦乏力,料公司將戰略性地放緩擴張步伐,會先改善現有門店營運,料下半年淨開店210家,翻桌率回覆至2019年下半年的82%水平,低於預期的復甦可能會引發新店預測下調。

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