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招銀國際:維持百勝中國(9987.HK)買入評級 目標價532.66港元
格隆匯 09-16 13:08

招銀國際報吿稱,基於將2022年預測市盈率由32倍下調至30倍,以反映行業估值向下,調低百勝中國(9987.HK)目標價至532.66港元,維持買入評級。

該行提到,百勝中國公佈第三季業務更新,預計經調整經營利潤按年跌約50至60%,主要由於變種病毒的疫情令收入大減、原材料價格及工資上升,以及集團為增加客流推出優惠促銷。該行認為上述盈利低於預期,但對其今年第四季及明年展望維持正面,由於店鋪擴張、外賣業務強勁及必勝客改革,估計明年純利增長34%。

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