中信證券:看好周大生(002867.SZ)持續成長和估值迴歸
中信證券指出,周大生(002867.SZ)聚焦品牌建設和供應鏈管理,低線市場率先卡位、品牌/產品/運營等多維度強加盟賦能是公司核心競爭力。測算公司門店數仍有翻倍空間,中長期品牌力建設和運營優化將推動單店產出穩步提升,
預計19-21年公司淨利潤CAGR+23%,ROE維持20%+。看好公司持續成長和估值迴歸帶來正向雙擊。
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