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《大行报告》高盛上调周大福(01929.HK)目标价至10.5元 评级「中性」
阿思达克 11-25 09:47
高盛发表研究报告指,周大福(01929.HK)上半财年销售跌16%,但纯利增46%至22亿元,主因毛利改善所致。内地在10月1至11月18日,维持低双位数同店销售增长;而港澳同店销售跌幅收窄至24%。

该行指,下半财年公司港澳的同店销售将因去年基数低而只有较温和跌幅,但仍预期旅客消费仍然淡静,直至2021年9月,并於2022财年下半年才逐步回复至疫情前50-60%水平。

该行表示,公司内地业务较正面,为集团贡献全部核心经营溢利,主因需求重临和积极开店,认为现价估值合理,维持「中性」评级,目标价由7元升至10.5元。

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