《大行》招银国际将百胜中国(09987.HK)目标价下调至418.25元 首季销售逊

阿斯达克财经
06 May

招银国际发表研究报告指,百胜中国(09987.HK) 今年首季净利润大致符合预期,但销售未达标的问题仍然显著。该行对于集团市场份额增长,以及必胜客成功改革的表现感到满意,但加盟店开店比例高于预期,以及关闭门店的问题仍然会显著地影响2025财年的净利润增长预测。因此,该行将目标价由484.83元下调至418.25元,反映其大规模资本回报计划,维持“买入”评级。

该行将2025/26/27财年的净利润预测分别下调5%、8%及14%,以反映销售增长放缓,以及利息收入减少,预期今年次季系统销售增长加速,但速度将受限于约5%,而首季为1%。(ss/a)(港股报价延迟最少十五分钟。沽空资料截至 2025-05-06 12:25。)

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