Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01458 ZHOU HEI YA
RTNominal down8.750 -0.200 (-2.235%)
Research Report

14/09/2020 13:55

{I-bank focus}Morgan upgrades Zhou Hei Ya (01458) to HK$7.1

[ET Net News Agency, 14 September 2020] Morgan Stanley lifted its target price for Zhou
Hei Ya International Holdings (01458) to HK$7.1 from HK$3.6 and upgraded its rating to
"equal-weight" from "underweight".
The research house said ZHY's management has raised its franchised store opening target
from 300 to 400 for 2020. It launched a single-store franchise model in June to help it
increase penetration in existing markets, as well as leveraging a multi-store franchise
model to expand into new markets.
Morgan thinks ZHY's strong brand equity and higher-than-industry-average store
productivity are the main reason behind the high level of franchise applications. It sees
ample room for further store expansion as it operates <1,500 stores in China.
Morgan cut its 2020 EPS forecast by 54% to reflect weak self-operated retail store sales
but raised its revenue forecasts by 2% for 2021 and 7% for 2022 to factor in the faster
expansion of franchised stores. (KL)

Remark: Real time quote last updated: 15/01/2021 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2021 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.