智通财经APP获悉，富瑞发布研报称，将大家乐(00341)2026至28财年的净利润预测分别下调52%、51%及44%，基于销售额预测下调3%、4%及5%，因利润率改善幅度逊预期; 目标价由6.81港元降24%至5.15港元(下同)，维持“持有”评级，相信公司的香港快餐连锁业务转型需时，上行空间有限。
大家乐去年11月底公布去年9月底止2026财年上半年业绩，差过该行及管理层预期，期内净利润同比跌68%至4,700万元，销售额跌5%至40亿元，(撇除投资物业公允值亏损及减值)经调整EBITDA亦跌29%。表现疲弱主要因香港快餐连锁业务受市场竞争及消费者北上和外游影响。公司宣派中期息每股0.1元，派息比率122%，基于公司现金状况良好。该行认为此举反映管理层有信心于今年3月底止2026下半年财年及往后改善营运情况。
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