大行評級|里昂:上調海底撈目標價至19港元 評級上調至“跑贏大市”
里昂發表報吿表示,上調對海底撈目標價,由15港元上調至19港元,投資評級由“跑輸大市”上調至“跑贏大市”。該行指,海底撈去年全年及下半年銷售按年升34%及42%,至分別420億及230億元;淨利潤分別按年升175%及18%,至分別45億及22億元;淨利潤率分別為10.9%及9.9%。
該行認為,公司去年削減新店資本開支,允許公司九成派息比率,預期公司對自家店鋪擴張速度維持審慎,因此預期今年至2026年自由現金流介乎73億至87億元,以及股本回報率40%。
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.