《大行报告》野村上调周大福(01929.HK)目标价至17.6元 评级「买入」
野村发表报告表示,周大福(01929.HK)管理层透露今年4至5月份内地业务同店销售增长持续强劲,录得按年49.3%的升幅,由於去年下半财年高基数因素下,该行维持其今年度同店销售增长预测为6%;同时公司目标本财年在内地净增700间店铺。
报告又指,周大福港澳业务方面,4至5月份同店销售增长反弹至159.7%,主因由本地消费及低基数所带动,更预期市场有见底反弹的迹象,故将其今年度同店销售增长预测由15%升至35%。该行下调其本年度盈利预测4.5%,以反映较保守之毛利率预测,但料港澳市场反弹可作出弥补,目标价由16.1元上调至17.6元,维持「买入」评级。
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