《大行》瑞银微升小菜园(00999.HK)目标价至14元 料下半年加快开店

阿斯达克财经
Aug 18

瑞银研究报告指,小菜园(00999.HK) 上半年收入及净利润分别按年增长7%及36%,至27.14亿及3.82亿元人民币(下同),达到盈利预告中净利润预期的上限。净利率按年扩张3个百分点,因毛利率提升2.7个百分点及劳动成本下降4个百分点,部分被广告促销支出增加、税率上升及利息收入减少所抵消。公司宣派中期息21.19分人民币,派息比率达65%。
报告提到,管理层强调聚焦产品价值及餐厅盈利能力,目标派息率达50%至60%。上半年同店销售倒退7.2%,但5月起已转正;期内开店步伐缓慢,店铺数量仅净增5间至672间,但管理层维持2025及26年底店铺数量达800间及1,000间的目标,并表示7月起开店速度加快。

基于上半年业绩强劲及成本管控成效,该行将2025至27年每股盈利预测上调9%至13%,目标价由13港元微升至14港元,维持“买入”评级。(ss/da)(港股报价延迟最少十五分钟。)

AASTOCKS新闻

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10