《大行報告》大摩:百勝中國(YUMC.US)首季業績勝預期 評級「增持」
摩根士丹利發表報告指,百勝中國(YUMC.US)首季業績勝預期,維持「增持」評級,目標價70美元。
該行指,由於肯德基和必勝客的同店銷售較好,以及銷售槓桿、成本結構調整和政府臨時幫助措施帶來的更大利潤率,整體業績表現好過該行和市場預期。該行指,推動銷售仍然是今年百勝中國首要任務,因為春節旺季後的同店銷售仍然低於2019年的水平。
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