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《大行報告》大和升海倫司(09869.HK)評級至「買入」 目標價上調至18.5元
阿思達克 01-26 11:14
大和發表報告表示,上調對海倫司(09869.HK)投資評級,由「持有」上調至「買入」,目標價由13元上調至18.5元,相當於當預測今明兩年市盈率各72倍及36倍,因料「夜經濟」復甦將指日可待。 該行指,海倫司旗下經營酒館去年12月日均收入僅為2019年及2021年的63%及65%,受新冠疫情影響。該行料公司去年下半年錄虧損,因受經營去槓桿、分店關門一次性開支及營運暫停等影響。該行又指,新年假期以來整體客流亦處於改善軌道。 大和稱,海倫司約200間酒館自去年10月因新冠防控關閉,停業分店數字在月初升至400間高,以改善現金流及減少新冠疫情相關損失。該行預期公司在停業酒館復業後,於今年將恢復檢視滲透較少地區的酒館網絡。 該行下調對海倫司今明兩年每股盈利預測13%至31%,反映分店數目少於預期。
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