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《大行報告》瑞信:海底撈(06862.HK)中期業績指引遜預期 料市場反應負面
阿思達克 07-26 14:25
瑞信發表的研究報告指,海底撈(06862.HK)發盈利預告,料上半年將錄8,000萬至1億元人民幣(下同)純利,而去年同期則錄9.65億元虧損,期內收入按年增長104%至200億元。該行認爲雖然收入大致符預期,但盈利表現則遠遜該行預期,公司指出期內表現較弱主要因爲新開分店帶來額外開支,而達收支平衡的時間及回本期亦較長,此外海外分店營運疫受疫情影響。

該行指出去年下半年公司進取開店371家後,該行估算海底撈上半年開店約285家,而新店翻檯率遠低於3次,同時亦錄虧損,認爲假如這些分店表現繼續較差,公司或有機會關店止蝕。該行認爲市場對消息將有負面反應,予「中性」評級,目標價50元。

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