Jollibee Foods Could Gain From Rapid Store Expansion -- Market Talk
Jollibee Foods Could Gain From Rapid Store Expansion -- Market Talk
0328 GMT - Jollibee Foods Corp. appears set to gain from its aggressive global expansion, Daiwa Capital says. The Japanese investment bank initiates coverage on the stock at outperform and a target price of PHP260.00, noting that the fast-food company plans to open 450-500 stores annually over the next three years, with over 80% of new stores located outside the Philippines. The bank expects the fast-food company's revenue to grow by 19% CAGR over 2020-2023, led by growth in its international operations. Revenue from Jollibee's Philippines operations also seem set to recover next year as the economy gradually reopens, the bank adds. Shares are 0.5% lower at PHP244.00.(yiwei.wong@wsj.com)
格林尼治標準時間0328分——大和資本表示，Jollibee Foods Corp. 似乎將從其激進的全球擴張中獲益。這家日本投資銀行以跑贏大盤，目標價格爲260.00菲律賓比索，並指出這家快餐公司計劃在未來三年內每年開設450-500家門店，其中超過80％的新門店位於菲律賓境外。該銀行預計，在國際業務增長的帶動下，這家快餐公司的收入將在2020-2023年間增長19％的複合年增長率。該銀行補充說，隨着經濟逐漸重新開放，明年Jollibee在菲律賓的業務收入似乎也將恢復。股價下跌0.5％，至244.00菲律賓比索。(yiwei.wong@wsj.com)
譯文內容由第三人軟體翻譯。