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《大行報告》麥格理降周大福(01929.HK)評級至「跑輸大市」 目標價上調至11.8元
阿思達克 11-28 11:46
麥格理發表研究報告指出,周大福(01929.HK)2023財年中期收入按年增長5.3%至465.35億元,低過該行預期0.5%。核心經營利潤按年跌2.7%至43.49億元,較該行預期低8.5%,主要由於不利的渠道和產品組合。該行預期,公司將面臨疫情升溫及消費者信心減弱的風險。 此外,該行指周大福由今年10月至今的第三財季中,因疫情而暫時停業的店舖(約7%至8%)影響下,同店銷售按年跌21%。根據公司對第三及第四財季的指引,同店銷售預測分別為負19%及持平。 麥格理將周大福2023至2025財年純利預測下調5.4%、8%及4.8%,並將其評級由「中性」降至「跑輸大市」,目標價則由11.4元上調至11.8元。
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