《大行報告》花旗上調六福(00590.HK)目標價至30.1元 評級「買入」
花旗發表研究報告指,六福(00590.HK)截至今年3月底止全年純利按年增長37%,較該行預測高出4%,預期盈利表現強勁是由於期內收入增長32%以及核心經營溢利率溫和改善。
管理層目標2023財年實現銷售額增長介乎15%至20%,並預期毛利率表現平穩。花旗表示,今年4月至6月份六福內地同店銷售下降15%,而港澳同店銷售錄得輕微增長,主要是由於兩地疫情所影響。然而在疫情受控及香港新一輪消費券推出的帶動下,4月至5月香港同店銷售增長達到40%至50%,內地同店銷售跌幅持續收窄。
六福維持2023財年開店計劃,考慮到銷售表現至6月份已快速改善,加上加盟商財務表現保持強勁,因此對開店計劃抱有信心。花旗輕微上調六福2023至2024財年業績預測,預計2023財年淨利潤率將持平,由於內地業務貢獻有望擴大,預計2023至2025財年純利將分別增長13%、15%及16%,將目標價由29.2元微升至30.1元,維持「買入」評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.