《大行》野村下调海底捞(06862.HK)今年至2027年盈测7%至10% 目标价降至16.2元

阿斯达克财经
Jul 18, 2025

野村发表报告,预期海底捞(06862.HK) 中期收入按年跌4.4%至205亿元人民币,以板块划分,估算餐厅营运(海底捞主品牌)按年跌6%,受同店翻台率估算按年跌6%影响,纵使每单消费低单位数改善,以及净关店8间(撇除25间店转型至特许经营)。外卖业务及YEAH QING烧烤增长或部分纾缓下跌情况。该行亦下调海底捞利润率预测,经营溢利率及经调整净溢利率料按年收缩0.3及0.4个百分点,料食物成本...

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