《大行報告》美銀證券上調周大福(01929.HK)目標價至14.1元 評級「買入」
美銀證券發表報告指,周大福(01929.HK)公布今年7月至9月(第三財季)初步經營數據,中國內地同店銷售轉正至按年增長11%,對比4月至6月為按年下跌11%,優於該行預期5%。該行估計,集團在中國內地的同店銷售,會由7月及8月的增長中至高單位數,進一步加快至9月的約15%,主因受惠於穩定的金價,令季內黃金產品銷售跑贏珠寶產品。
港澳地區業務務方面,集團第三季同店銷售收窄至下跌53%,對比第二季為跌76%,主要由於去年同期受香港示威活動影響,令比較基數較低。該行估計,因香港新冠病毒確診個案穩定,及內地於9月23日開始重啟澳門個人遊簽證,周大福旗下港澳地區同店銷售於第四季有進一步改善空間。
美銀表示,上調周大福2021及2022財年盈利預測各3%,以反映中國同店銷售較預期更佳,股份目標價由13.7元升至14.1元,評級維持「買入」。
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