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《大行報告》瑞信下調九毛九(09922.HK)目標價至22元 評級「跑贏大市」
瑞信發表報告指,考慮到市場環境仍然充滿挑戰,將九毛九(09922.HK)2022和2023財年每股盈利預測分別下調14%和10%,目標價由23元下調至22元,維持評級「跑贏大市」。 該行指,九毛九發盈喜,預期2021年度純利不少於3.3億元人民幣,按年增幅不低於165.9%;收入不少於41億元,按年增幅不少於51%。雖然增長強勁,但利潤與該行及市場預測分別相差11%和12%;收入與該行及市場預測分別相差3%和8%。 瑞信指仍然看好九毛九的強勁復甦和增長潛力,但在其股價今年以來累漲約40%之後,風險回報吸引力開始減低,因此目前更偏好百勝中國(09987.HK),是其在中國餐飲業的首選。
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