投资亮点首次覆盖蜜雪集团(02097)给予跑赢行业评级,目标价470.00 港元,基于P/E 估值法,对应25 年P/E 33x,公司是中国最大、全球第四大现制饮品公司(按23 年GMV 计),截至24 年底在全球拥有超4.6 万家门店。理由如下:平价现制饮品市场增速快且格局稳定,蜜雪构筑起质价比和规模的“飞轮效应”。中国及东南亚现制饮品市场有较大规模和较快增速(2023 年6,582 亿元,过去...
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