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》富瑞上調名創優品(09896.HK)目標價至25.2元 評級「買入」
富瑞發表報告指,名創優品(09896.HK)截至今年9月底止財季(2023財年首財季)的純利勝於預期55至60%,銷售額與市場預期一致。該行預計,集團的毛利率可錄得持續改善,同時,集團將在2023財年次季投資5,000萬元人民幣用於品牌升級。該行將名創優品目標價由22.3元上調至25.2元,此按現金流折現率作估值,相當於預測2023財年市盈率24倍,維持「買入」評級。 該行預計,名創優品2023財年第二季的銷售額增長約42%。富瑞料名創優品2024財及2025財年的毛利率約為34%。該行相信,其毛利率將繼續受惠於假期導致海外市場有更高銷售、由於規模增加而獲得的銷量回扣、及通過產品創新、再造和減少產品價格上升,以保持價值主張的產品改造戰略。
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