港股異動丨蜜雪集團漲超8%創歷史新高 較發行價已飆漲1.36倍 總市值突破1800億!
蜜雪集團(2097.HK)高開高走,盤中一度漲8.74%至478港元,股價創歷史新高;總市值突破1800億港元,逼近百勝中國、奈雪的茶、茶百道、古茗四家港股茶飲企業的市值總和。該股於今年3月3日在港掛牌上市,迄今僅僅一個半月的時間,現價較IPO價格202.5港元已累漲136%。消息面上,商務部等9部門近日聯合印發《服務消費提質惠民行動2025年工作方案》。《工作方案》圍繞優化消費環境等6個方面,提出48條具體任務舉措,涵蓋了餐飲等主要行業領域。此外,國家統計局數據顯示,2025年一季度全國餐飲收入達14027億元,同比增長4.7%;其中3月份餐飲收入4235億元,同比增長5.6%。瑞銀髮研報指,蜜雪集團集團主攻中國大衆市場,按2024年門店數量計是目前國內最大現制飲品企業,在全國共有超過4.1萬間店,在海外亦有4,895間分店,幾乎全爲加盟店。瑞銀目前預測蜜雪2025至2027年收入及淨利潤年均複合增長率將達到18%及19%,看好其供應鏈能力和加盟模式。廣發證券亦認爲,對比現制飲品同業,公司卡位價格帶壁壘相對較大、格局相對較好,供應鏈建設全面且完善,爲極致性價比奠定基礎,且公司在行業內具有較強統治力,規模(門店數/GMV)遙遙領先的同時保持穩健的經營,應給予一定估值溢價,給予“買入”評級。(格隆匯)

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