大行評級|瑞銀:下調九毛九目標價至2.85港元 上季同店銷售增長遜預期
瑞銀髮表報吿,指九毛九公佈去年末季銷售更新,並召開投資者會議。太二(自營店)同店銷售下跌24.6%,較第三季的18.3%跌幅進一步惡化,並差過該行預期;慫火鍋品牌同店銷售跌幅為26.9%,好過第三季的32.5%跌幅;九毛九同店銷售下跌18.5%,差過第三季的10.3%跌幅。每月趨勢方面,該行指,九毛九同店銷售在第四季呈現下降趨勢,12月弱於11月,11月弱於10月。管理層表示,歷史數據上12月表現通常好於11月。
瑞銀指,由於考慮到上季同店銷售遜預期及減值虧損,已將去年純利預測下調17%,並將今明年純利預測下調8%至9%,以考慮到店鋪擴張放緩的因素,目標價由3.1港元降至2.85港元,評級“中性”。
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