中國銀河國際:料樂享集團(6988.HK)將迎來良好增長,重申“增持”評級
格隆匯3月24日丨中國銀河國際發研報指,重申樂享集團(6988.HK)增持”評級,予目標價3.1港元。公司2021年的收入為13.959億港元,較2020年的9.239億港元同比增長51.1%,其營收強勁增長主要得益於國內電商產品營銷業務的快速增長,以及2021年第四季度電商產品海外銷售業務的成功啟動;公司2021年的淨利潤為2.446億港元,較2020年的1.387億港元同比增長76.4%;毛利潤為4.519億港元,較2020年的3.016億港元增長49.8%,毛利率的提高和現金流的改善是兩個主要的中期股價重估催化劑。該行指,儘管市場環境充滿挑戰,該行仍期望樂享集團能有良好的增長。公司在2022-2024年的增長將通過擴大其互動娛樂和海外電子商務的客户羣和利潤率復甦來推動。
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