智通财经APP获悉,招银国际发布研究报告称,百胜中国(09987)去年未季业绩大致符该行及市场预期,但近期趋势十分正面,包括春节长假期间录同店销售正增长,在肯德基加价后人流未见影响,以及必胜客在推出新菜单后人流可观。加上近期现金回报,维持“买入”评级,H股目标价由450.26港元升至484.83港元。
该行表示,百胜中国今年前景及指引均正面,升明年盈测2%,以反映每分店销售较弱,但经营杠杆改善。现估值相当于预测今年市盈率17倍属不昂贵,更算吸引,受惠于慷慨的现金回报计划。
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