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《大行報告》匯豐研究下調六福(00590.HK)目標價至21.9元 評級「持有」
阿思達克 06-29 10:18
匯豐環球研究發表報告,指受到本港及內地於今年2月及3月爆發疫情影響,六福(00590.HK)於2022財年下半年的收入僅上升11.4%,低於該行預期的20%增幅。不過,集團下半財年的毛利率達14%,高於該行預測88個基點,主要是受惠於較預期強勁的品牌業務收入增長,為集團最具盈利能力的業務。 該行對集團看法維持審慎,特別是內地業務的增長,引述管理層目標於2023財年收入增長15%至20%,並對香港業務的增長更加有信心,相信主要是受惠於邊境控制放寬及8月發放第二輪電子消費券。 匯豐研究下調六福股份目標價,由23.1元降至21.9元,評級維持「持有」,相信集團增長及盈利周期的不明朗,將繼續限制其股價表現。
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