《大行報告》中金料九毛九(09922.HK)去年純利按年升189% 下調目標價至20.8元
中金髮表研究報告指,受到疫情反覆所影響,下調九毛九(09922.HK)2021年盈利預測21%,預計全年純利將按年增長189%至3.58億元人民幣。
該行預計,太二去年11至12月同店收入較2019年同期均恢復約82%,低於10月恢復超過90%,與行業趨勢基本一致。截至去年底太二門店數達350家,全年淨開店117家,新開店數122家,達到公司此前指引,今年公司預期新開店數有望達150家。中金指,太二持續積極產品創新,通過較好地把握開店速度來實現較高質量的標準化複製,加上維持較高品牌勢能,有望繼續穩步較快拓店。
中金亦下調2022年盈利預測23%至5.65億元人民幣,預期2023年盈利料達8.76億元人民幣,考慮到疫情反覆所帶來的不確定性,將目標價降35%至20.8元,維持「跑贏行業」評級。
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