《大行報告》麥格理下調頤海國際(01579.HK)目標價至30元 評級「跑輸大市」
麥格理髮表報告,認爲消費需求將低於預期,影響頤海國際(01579.HK)的關聯交易和第三方業務運營。該行將頤海國際目標價由33元下調至30元,重申「跑輸大市」評級。
麥格理指,頤海國際關聯交易的最大不利因素是將是海底撈(06862.HK)銷售持續低迷,和火鍋湯底新配方導致的價格下行趨勢,該行將頤海國際關聯交易收入增長從之前的25%下調至2021年下半年的2%。
麥格理認爲,頤海國際速食食品業務仍然具有挑戰性,新產品推出的成效還有待觀察,該行將頤海國際2021年下半年的第三方業務收入增長預測從25%下調至14%。
麥格理估計,頤海國際毛利率將在2021年下半年改善,按年下降40個基點至38.1%,公司將繼續加大宣傳力度,聘請名人擔任代言人。該行將頤海國際2021年至2023年盈利預測分別下調3.1%、8.9%及11.4%。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.