You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》摩通:周大福(01929.HK)次財季同店銷售符預期 評級「增持」
阿思達克 10-17 10:24
摩根大通發表報告表示,周大福(01929.HK)第二財季內地同店銷售按年增長約3%,港澳市場則升將9%,大致符合該行預期。報告引述集團管理層指,內地的同店銷售在10月首兩周減弱至按年跌10%,這是導致集團股價在過去一周回調的主要原因。 然而,由於考慮到預期其核心營業收益利潤率將會上升,該行認為市場低估了其利潤率上升空間。該行指,雖然近期市場疲弱,集團並未改變其2023財年的全年盈利指引,相信由於下半年的基數較低及銷售規劃不斷擴大而帶動的經營槓桿。該行重申其「增持」評級,目標價為19元,並料2023財年盈利可錄雙位數增長。 該行補充,並不擔心周大福的銷售增長,因為其近期同店銷售疲弱,或會被高於預期的新店開業部分所彌補,使其有望實現全年指引。
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.
uSMART
Wealth Growth Made Easy
Open Account