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10家投行齊削百勝中國-S(9987.HK)目標價 去年第四季業績遜預期
格隆匯 02-10 13:39
格隆匯2月10日丨百勝中國日前公佈財報顯示,2021年全年實現總收入98.5億美元,同比增加19%;淨利潤9.9億美元,同比增加26%。看似業績增長的背後,百勝中國的經營情況並不樂觀。從餐廳利潤率看,百勝中國2021年全年的餐廳利潤率為13.7%,上年同期的餐廳利潤率為14.9%。2021年百勝中國同店銷售額較去年同期下降1%,2021年四季度同店銷售額同比下降11%。業績公佈後,截至目前,已有10家投行發佈研報齊削百勝中國-S(9987.HK)目標價。其中,高盛稱百勝中國去槓桿壓力上升,運營支出增加,令去年第四季業績表現遜於預期,預期今年上半年短期利潤率仍然疲軟,對集團同店銷售復甦前景構成壓力,下調其目標價至513港元。百勝中國-S(9987.HK)昨日收跌近3%後今日明顯反彈,最新漲超8%報376.6港元。從目前10家投行給出的目標價來看,僅麥格理311.64港元的目標價低於百勝中國-S目前的市場價格。

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