《大行報告》麥格理微降大家樂(00341.HK)目標價至19.5元 評級「跑贏大市」
麥格理髮表研究報告指出,大家樂(00341.HK)2022財年上半年收入按年增長20%至38.7億元,核心淨利潤跌50%至8,100萬元。不包括去年一次性政府補助,業務由去年上半年虧損1.39億元中扭虧爲盈。監於疫情得到良好控制,以及疫苗接種率不斷上升,該行預期大家樂2022財年下半年銷售持續復甦。
該行認爲,隨着本港嚴格隔離政策到位,估計在即將到來的節日假期,消費將錄得強勁增長,推動大家樂銷售復甦,另外中國業務長期前景良好,加上集團審慎的擴張分店策略,該行將其2022及2023財年盈利預測分別下調4.4%及0.5%,以反映較高的原材料及勞工成本,但部分被選擇性加價及更好的銷售所抵銷,目標價由19.6元微降至19.5元,維持「跑贏大市」評級。
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