MOFSL ON Restaurant Brands Asia
Автор: ET Now
Загружено: 2022-03-29
Просмотров: 1227
Описание:
Motilal Oswal has maintained a Buy rating on Restaurant Brands Asia setting a target price of Rs.150 per share. COVID-19 has augmented business opportunities for QSRs with consumers developing new habits of food consumption after using delivery and takeaway services over the past two years. RBA is now set to unlock growth with revival in dine-in business, addition in BK cafes and company's cost saving initiatives. The company's India business is expected to deliver double-digit sales CAGR of ~39% over FY22-24. Moreover, after the recent correction in its share price, RBA now trades at a significant discount to its QSR peers
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