研報掘金丨海通證券:滔搏Q1流水錶現顯著提速,維持“優於大市”評級
格隆匯7月5日丨海通證券4日研報指出,滔搏(6110.HK)2023/24財年Q1流水錶現顯著提速。認為同店增速表現在零售環境相對艱難的時期仍有較強韌性,渠道結構優化,大店佔比提升,私域貢獻提升,且庫存規模可控,結構改善,認為公司突出的運營能力正在獲得更多優質品牌的認可,與具備良好成長性的新品牌的合作共贏將有機會為公司奠定更好的增長基礎。該行預測2024-26FY的EPS為0.39/0.47/0.54元/股,給予2024FY18-20倍PE,按照1港元=0.9209 元人民幣折算,對應合理價值區間為7.62-8.47港元/股,維持“優於大市”評級。
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