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里昂:料莎莎(0178.HK)2021財年港澳地區毛利回覆正常 評級“跑贏大市”
格隆匯 01-16 11:08

里昂發表報告表示,莎莎(00178.HK)截至去年12月底止財季,整體營業額按年下跌27.3%,當中港澳市場更跌34.7%,在香港目前穩定氣氛及農曆新年臨近的需求帶動下,莎莎港澳業務今年至今有初步復甦跡象。

對於莎莎計劃於未來18個月內關閉20%至25%本港店舖。該行認為,加上店鋪租金或有商議空間,預期港澳業務毛利於2021財年會回覆正常;而其他市場業務大致穩定,內地同店銷售錄雙位數增長,且目標2021財年達到收支平衝。該行維持莎莎“跑贏大市”評級,目標價為1.89港元。

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