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《大行報告》花旗下調周大福(01929.HK)目標價至20.7元 評級「買入」
阿思達克 11-24 15:28
花旗發表報告指,周大福(01929.HK)公布2022財年上半年純利按年增長60%至36億元,表現優於預期。撇除黃金貸款未實現對沖收益及其他收益,核心盈利上升20%至32億元,亦符合該行預期。 該行表示,集團收入增長79%,較預期強勁,主要由於中國批發業務增長較快,但被核心經營利潤率低於預期(按年下跌6.4個百分點至10.1%)所抵銷。 花旗下調周大福股份目標價,由21.3元降至20.7元,評級維持「買入」,並微調集團2022至2024財年純利預測,以反映港澳同店銷售及整體毛利率的最新假設。
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