招银国际发表研报指,虽然大家乐(00341.HK) 2025上半财年业绩令人失望,但期内股息按年持平,考虑到其股息回报率相对较高,以及业务较具防守性,因此仍维持“买入”评级。
招银国际将大家乐的目标价从11.15元下调至9.3元,以反映同店销售增长低于预期、营运杠杆水平较高,以及新店扩张速度较慢,2025至2027财年净利润预测亦相应下调24%、25%和27%。该行表示,目前未见到经济前景和消费者行为出现实质改善,预计2024年下半年及2025财年同店销售增长及利润仅会持平或小幅增长。(gc/a)(港股报价延迟最少十五分钟。沽空资料截至 2024-12-02 12:25。)
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