《大行報告》大和上調呷哺呷哺(00520.HK)目標價至7.5元 評級「買入」
大和發表研究報告指,呷哺呷哺(00520.HK)和旗下湊湊均有望達到全年銷售點目標,而由於成本控制,其每單位經濟亦錄得改善。該行重申其「買入」評級,目標價由4.6元上調至7.5元。
該行表示,集團無可避免地受到自9月以來零星疫情爆發的影響,呷哺呷哺和湊湊的同店銷售在9月和10月按年跌中十位數至兩成。該行估計,集團在9月約有6%餐廳需要臨時關閉,並在10月升到10%。
該行提到,儘管內地在遏制疫情方面仍有不確定因素,短期內同店銷售復甦的可見度較低,但管理層認為,其品牌單位經濟目前的狀況健康,可以支持有序擴張,並在明年分別淨開設約60間呷哺呷哺和約70至80間湊湊。該行下調集團2022至24年的收入預測4至6%,料今年的虧損減少,對其2023至24年的利潤率稍為樂觀。
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