《大行報告》匯豐研究下調高鑫零售(06808.HK)目標價至3.7元 評級「持有」
匯豐研究發表報告,下調高鑫零售(06808.HK)目標價,由4.3元下調至3.7元,評級「持有」。
報告指,由於競爭壓力,高鑫零售的盈利能見度仍然很低。雖然政府採取了一系列措施來遏制來自新的雜貨零售業態的不合理的價格競爭,但利潤率的壓力將持續更長時間,因為線下客流受到防疫政策的影響,及收入在競爭壓力下保持溫和增長,並預計收入組合將越來越多地轉向低利潤的B2B和線上B2C業務。
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