《大行報告》大和下調周黑鴨(01458.HK)目標價至7.9元 評級「買入」
大和發表評級報告指,由於店鋪的短暫關閉和較高單位成本,將周黑鴨(01458.HK)在2022年至23年收入預測下調11%至17%、每股盈利預測則下調31至46%,最終要透過增加投資來支持加盟商的經營去槓桿化營運,並預測公司今年上半年純利按年跌多於50%。
透過調整平均售價、推出新產品及提高供應鏈效率等,抵銷較高的投入成本,該行預期公司今年整體利潤率按年跌3.1個百分點至約55%,並將其目標價由9.6元下調7.9元,以反映該行降低對每股盈利的預測,維持其評級爲「買入」。(ca/u)
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