You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
高盛:降莎莎(0178.HK)目标价至1.55港元 评级“中性”
格隆汇 09-19 11:42
高盛发表报告表示,莎莎国际(0178.HK) 发盈警,预期今年4至8月期间的五个月营业额按年下跌,8月至9月15日期间进一步恶化。倒退主要来自港澳市场,因为香港部分活动持续,内地游客人数大幅减少。 根据该行早前对香港零售业所作的压力测试,莎莎于目前情况下极易受影响,因为公司主要业务覆盖港澳地区,此外,公司采取大规模的去库存促销策略,以及录得市场份额损失。
该行指,展望未来,虽然莎莎接近年尾去年同期的可比基数较低,但公司发展能见度仍低;同店销售下跌导致的经营去杠杆部分可被减租、节省员工成本及广告及推广开支减少所抵销。
此外,高盛称莎莎国际正尝试优化其线上策略,加强采购和关闭表现不佳的店铺,但该行正等待较清晰的执行结果,该行维持莎莎国际“ 中性 ”评级,目标价由1.8港元降至1.55港元,下调对其2020年至2022年纯利预测21至37%。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account