大行評級|里昂:下調海底撈目標價至16.9港元 反映短期增長不確定
海底撈首席執行官楊利娟辭任,並於下月起加入特海國際。另外,苟軼羣獲委任為執行董事及首席執行官。里昂報吿指,雖然兩人都是創始人張勇的親信,但楊利娟在營運方面更有經驗,而苟軼羣則在供應鏈管理和投資方面擁有豐富經驗。該行認為今次變動是一個信號,表明公司幾乎已經用盡了提高改善門店經濟效益的方法,將依靠特許經營和新品牌來實現增長。考慮到短期增長的不確定性,將該股目標倍數從10倍降至8倍,目標價亦從20.6港元降至16.9港元,評級則維持“跑贏大市”。
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