You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》富瑞上調百勝中國(09987.HK)目標價至529.09元 評級「持有」
富瑞發表研究報告指,百勝中國(09987.HK)(YUMC.US)公布今年首季業績後,將2023至2025年純利預測相應上調6%、6%及4%,收入預測則下調3%、2%及2%,考慮到其強大的執行能力,認為是行業內領先企業,但相信其股價表現已反映出投資者對收入和利潤率復甦的強烈預期,因此維持「持有」評級。 計及增值稅退稅,富瑞預測今年全年整體餐廳利潤率將達到16.7%,回復2017年水平。按品牌劃分,肯德基及必勝客的同店銷率達到2019年同期的92%及98%,管理層預期由於處於復甦的早期階段,3月份的勢頭依然強勁,但鑑於宏觀環境因素,預計復甦將是漸進及具不確定性。 富瑞將百勝中國H股目標價由519.6元上調至529.09元,美股目標價亦由66.2美元上調至67.4美元,對應今明兩年預測市盈率36及29倍。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account