《大行報告》瑞銀升海底撈(06862.HK)評級至「買入」 目標價上調至27.8元
瑞銀發表報告指,料海底撈(06862.HK)淨利潤率已改善至健康的雙位數水平,並且有可能利用小型餐廳業態滲透到低線城市。該行預計海底撈旗下餐廳將恢復擴張,評級由「中性」上調至「買入」,目標價由18.5元升至27.8元,對公司2023至2025年的每股盈測上調32%至44%,以反映上半年業績勝於預期。
該行指,海底撈的翻桌率持續錄得改善,預計潛在的加快擴張、小型餐廳的細節及進一步的政策支持將成為股價催化劑,又預期300至500平方米的小型餐廳模式可能有助集團滲透到低線城市。基於需要配備的員工人數低於普通餐廳,料小型餐廳將獲得更高的利潤。
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