External broker reports(aggregated public sources), Masterlink Securities Corp

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External broker reports(aggregated public sources)

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<p>Considering that the COVID-19 affected Gourmet Master’s 2Q21 profit and that uncertainties become greater in 2H21, we revise down FY21 EPS forecast to NT$6.01 and estimate FY22 EPS at NT$7.79. Gourmet Master’s recent share price has reflected downward revision to FY21 profit. Looking into 2H21-2022, we expect the company’s profit to trend up. Therefore, we reiterate BUY on Gourmet Master, but trim the TP to NT$160 (25x FY22 PER) to reflect downward revision to FY21 profit.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Considering that the COVID-19 affected Gourmet Master’s 2Q21 profit and that uncertainties become greater in 2H21, we revise down FY21 EPS forecast to NT$6.01 and estimate FY22 EPS at NT$7.79. Gourmet Master’s recent share price has reflected downward revision to FY21 profit. Looking into 2H21-2022, we expect the company’s profit to trend up. Therefore, we reiterate BUY on Gourmet Master, but trim the TP to NT$160 (25x FY22 PER) to reflect downward revision to FY21 profit.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Gourmet Master (2723 TT) Share Price already Reflected Profit Forecast Cut

Taiwan

Gourmet Master Co Ltd operates coffee and bakery cafes in Taiwan, China and Hong Kong.

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Gourmet Master (2723 TT) Share Price already Reflected Profit Forecast Cut

Considering that the COVID-19 affected Gourmet Master’s 2Q21 profit and that uncertainties become greater in 2H21, we revise down FY21 EPS forecast...

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