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《大行報告》匯豐研究下調大家樂(00341.HK)目標價至18元 評級「買入」
阿思達克 06-16 10:02
匯豐研究發表報告,指大家樂(00341.HK)去年盈利跌87%,是20年內最大跌幅,而短期展望亦較呆滯,目前財務數字仍然穩健,而政府提供的資助亦有舒緩部份壓力,長期增長故事仍在,維持「買入」評級,目標價由20元降至18元。

該行指,社交距離限制影響零售需求,令公司在去年度盈利跌87%,符其早前盈警公布,是自1999年度公布數字以來,最大的跌幅,因應經營環境困難,令公司決定不派末期息。雖然消費者情緒見改善,但仍難以預期公司改善的時間,而機構(包括學校、醫院和企業)飲食部份短期內會持續有挑戰。

該行又指,公司已實施一系列的措施應對,而且公司持有3億元現金,8億元未使用的銀行貸款,及近期再與銀行新增11.8億元的信貸額度,為公司提供緩衝。另外,大家樂亦獲政府5,700萬元的防疫抗疫基金資助。長遠來說,仍看好公司的增長故事,特別是大灣區的發展。

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