《大行報告》大摩相信泡泡瑪特(09992.HK)股價15日內將跑贏大市 評級「增持」
摩根士丹利發表研究報告,料泡泡瑪特(09992.HK)股價未來15日內將跑贏大市,發生此概率料介乎70%至80%,目標價25元,評級「增持」。
報告指該股本月至今累跌約22%,同期國指跌4%,料主因市場對其復甦的憂慮。部分投資者認為首兩個月銷售按年下跌屬負面。不過,報告解釋,公司去年首季銷售按年升65%至70%,去年首兩個月基數更高。因此,該行料其今年首季銷售按年跌10%,全年計則料升37%。
該行料泡泡瑪特3月銷售按年轉正,且公司業績公布或成催化劑。現價相當於今明兩年預測市盈率分別23倍及18倍,認為風險回報吸引,料2022至2024年間,收入及純利年均複合增長達30%及46%,受惠客流復甦及持續獲得客戶。
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