中银国际:蜜雪集团首予“增持”评级 在下沉市场具备强竞争优势

新浪港股
Jun 21
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  中银国际发布研报称,首次覆盖蜜雪集团(02097),给予增持评级,主要考虑到:1)公司在茶饮市场一超多强,在咖啡市场也具备一定竞争力,整体来看在下沉市场竞争力显著,有望享受下沉市场增长红利;2)公司在出海领域布局全国领先,多地区共进,门店数量提升有望带来新增长点;3)公司持续发力供应链建设,维护加盟商生态,竞争壁垒厚,在市场冲击下有望守护自身优势;4)品牌IP建设有望同消费者产生情绪共鸣,构建情绪壁垒,同时IP热度不断上升,变现空间更大。

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