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《大行報告》里昂升周大福(01929.HK)目標價至16.5元 評級「買入」
阿思達克 06-10 09:59
里昂發表研究報告指,周大福(01929.HK)2022財年收入略高於預期,但由於黃金借貸錄得未變現虧損8億元,對比上年同期錄未變現盈利3億元,導致期內盈利較市場及該行預期分別低5%及2%。 若撇除相關影響,則期內淨利潤按年增長20%,高於里昂預期的升17%。報告指出,踏入6月份,周大福內地業務出現復甦,對比4至5月份同店銷售跌28%;而港澳地區銷售於首財季亦見改善。 根據盈利預測更新,里昂將周大福的目標價由15.6元升至16.5元,維持「買入」評級,相信新店開業、各地區同店銷售增長逐步復甦,以及公司回購將成為股價催化劑。
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