研報掘金|中信證券:維持百勝中國“買入”評級 目標價432港元 仍看好長期穩健增長能力
中信證券發佈研究報吿稱,維持百勝中國“買入”評級,仍看好公司長期穩健增長能力,參考歷史平均估值水平(20-30xPE),予公司對應2024年25倍PE,目標價432港元。該行認為肯德基品牌力仍然出色,公司維持在投資者交流會議中指引的2024~26年系統銷售額和經營利潤實現高單位數至雙位數CAGR、EPS實現雙位數CAGR,並且進一步擴大股東回饋,中期回報穩健,新增2026年經調整淨利潤預測10.6億美元,現價對應2024-26年PE分別為18/17/16倍。
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