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大行評級|交銀國際:大幅下調九毛九目標價至9.9港元 維持“買入”評級

交銀國際發表研究報吿,基於2024年19倍預測市盈率,將九毛九目標價由20.5港元大幅下調51.7%至9.9港元,維持“買入”的投資評級。由於餐飲市場的競爭加劇,該行低估了其對平均售價和利潤率的影響,因此將2023-25年每股盈利預測下調18%-28%。該行預期,該集團2023年銷售額及尋母淨利潤將分別年增49%及759%。該行將2023年淨利預測削減18%,因為預測太二的新開店將在年度後開門,這將增加成本但貢獻銷售額有限,並預計偏軟的同店銷售將壓抑太二的利潤率。

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