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港股異動 | 周大福跌11% 經調整毛利率下跌11.6%至23.5%
格隆匯 11-24 11:01
格隆匯11月24日丨周大福(1929.HK)大跌11.05%,報15.14元,總市值1514億元。周大福11月23日公佈中期業績,盈利35.8億元,同比增60.4%,主要受惠於黃金借貸未變現收益約4億元,而去年同期則虧損5.17億元。如撇除有關因素,以及去年錄資產減值、税率較低等影響,主要經營溢利按年增9.6%,至44.72億元;扣除黃金借貸的未變現虧損或收益影響,經調整後毛利率下跌11.6%至23.5%。花旗發研報稱,主要由於金價下跌,經調整毛利率疲軟,核心利潤率低於預期(同比下降6.4個百分點至10.1%)。該行稱,由於基數較高,公司下半年增長將放緩。該行預計新店快速擴張將支持2023及24財年27%的盈利增速。該行維持該股買入評級,但由於調整2022-24財年純利預測,故將該股目標價由21.3港元微調至20.7港元。

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