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《大行報告》瑞銀下調泡泡瑪特(09992.HK)目標價至50元 評級「買入」
阿思達克 04-27 09:36
泡泡瑪特(09992.HK)首季未經審覈總收益按年增65%至70%。瑞銀髮表報告,認爲泡泡瑪特收益好過該行預期的增長60%,不過由於最近受到「封城」、物流影響和宏觀經濟因素,料公司第二季銷售將面臨壓力,將其2022年至2024年每股盈利預測下調5%-8%,目標價由55.4元下調至50元,此按現金流折現率作估值,相當預測今年市盈率48倍,不過由於其估值不高,需求快速增長,維持評級「買入」。 瑞銀認爲,泡泡瑪特首季強勁的銷售業績,是由於第一季推出的更受歡迎的產品新產品系列管道、價格上漲以及MEGA系列等品類擴展。該行預計今年第一季開店的店鋪數目少,公司將根據新冠疫情推遲開店時間,因爲在線銷售已經佔公司業務約一半。
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