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《大行報告》中金:海底撈(06862.HK)緩解經營去槓桿能力超預期
阿思達克 02-27 14:42
中金發表報告,指海底撈(06862.HK)發盈喜,預計去年收入不低於346億元人民幣,按年下降最多15.8%;淨利潤不低於13億元人民幣,按年扭虧。業績超出該行預期,主要由於下半年降本增效成果顯著。 根據盈利預喜,考慮人工成本優化超預期,該行將去年盈利預測由1.3億元上調至13億元人民幣,上調今年盈利預測39%至32億元人民幣,上調明年盈利預測14%至44億元人民幣。維持「跑贏行業」評級,上調目標價10%至23港元。 中金認為公司能否通過顯著改善品牌勢能以持續提升翻台仍待觀察;後續如有超預期的翻台恢復、抑或人工優化下盈利改善大部分可持續,或構成上行催化。
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