《大行報告》匯豐研究上調周大福(01929.HK)目標價至13.2元 評級「持有」
匯豐研究發表報告指,周大福(01929.HK)2023財年的淨利潤按年跌25%至53.84億元,遜於預期,惟經調整淨利潤符合預期,不過,其收入遜於預期7%。雖然集團的盈利下降,但股息是一個驚喜,集團維持派息0.5元及有特別息0.72元。該行認為,由於兩個主要市場的復甦前景存在分歧,盈利可見度仍然很低,但股息具有支持作用。該行維持集團「持有」評級,目標價由13元上調至13.2元。
該行表示,將集團2024年的港澳營業利潤預測上調57%,收入預期升29%,惟將內地的營業利潤預測下調3%,並料收入下調6%。該行將公司2024年的淨利潤預測提高5%,收入則下調2%。而2025年的收入預測則下調3%,而淨利潤預測則上調6%。
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