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《大行報告》匯豐研究下調莎莎(00178.HK)目標價至1.6元 評級「持有」
阿思達克 01-17 11:16
匯豐研究發表報告指,莎莎(00178.HK)的現金狀況有所改善,但疫情復甦將推遲通關進度。該行認為其削減成本的空間有限,短期內消費情緒疲軟,並對長期前景保持謹慎,維持「持有」評級,目標價從1.8元降至1.6元。 報告指,莎莎截至去年底止第三財季的收入按年增長5%,主要由香港零售銷售按年增長14%、網上業務按年增長20%和馬來西亞營業額按年增長4%所推動。淨現金亦從2021年9月的2.68億元的低谷提高到12月底的3.13億元。 匯豐研究將莎莎2022財年或2023財年的盈利預測分別削減5%和15%,主要是考慮到延遲通關以及中國大陸和在線銷售的疲軟,但2024財年的預測基本保持不變。
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