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《大行報告》高盛上調百勝中國(09987.HK)目標價至587元 評級「買入」
高盛發表研究報告指,百勝中國(09987.HK)(YUMC.US)首季業績向好,商業模式轉型帶動利潤率表現可觀,餐廳利潤率已超越疫情前水平,幾乎達到上市以來的歷史新高,相信是受新店效益及店內組合優化推動,預期趨勢將持續。 該行指出,進入第二季度,勞動節假期期間百勝中國的同店銷售復甦也令人鼓舞,僅較疫情前水平低數個百分點,雖然預期大宗商品及人力成本可能會在今年中回升,但管理層強調公司會在食品創新、供應鏈管理及員工效率方面持續努力。 高盛將百勝中國2023至2025年純利預測上調4%至10%,H股目標價升至587元,美股目標價則上調至75美元,評級「買入」
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