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瑞信:相信內地餐飲業最壞情況已過 行業首選九毛九

瑞信發表報吿指出,內地餐飲板塊仍然疫弱,但2022年初至今復甦趨勢,相對2021年第4季穩定,相信行業最壞情況已過。

1月,該行覆蓋的公司數據顯示,同店銷售復甦至2021年同期88%-106%水平,或2019年同期62%-89%。由於疫情,1月復甦水平與上兩個月相約。九毛九(9922.HK)太二酸菜魚品牌錄得復甦至疫前95%穩健水平,惟海底撈(6862.HK)及呷哺呷哺(0520.HK)品牌仍面對挑戰。

瑞信指,由於第4季及首季數字觸底,預期內地餐飲板塊會於今年餘下時間錄顯著復甦,由旅遊放寬、用餐流量正常化、長期需求增長推動。該行重申行業首選為九毛九,評級“跑贏大市”,目標價23港元,其次為百勝中國(9987.HK)、呷哺呷哺、海底撈。

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