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《大行報告》里昂降周大福(01929.HK)評級至「跑贏大市」 目標價下調至13元
阿思達克 10-16 10:18
里昂發表評級報告指,周大福(01929.HK)在2024財年第二季同店銷售增長大致上符合預期,其中內地市場按年跌12.5%、港澳市場按年升55.7%。內地次季表現淡靜,料踏入第三季,其同店銷售增長在低基數下復甦。金價走強利好上半年毛利潤表現,但若金價維持穩定,料該優勢或於下半年回復正常。管理層下調在2024財年淨開店目標至300至400間,取態保守,顯示看淡其中期增長前景。 該行將周大福全年銷售及純利預測分別下調1%及0%,並將2025財年及2026財年的盈利預測下調4%及5%,同時將其目標價由16.7元下調至13元,評級則由「買入」降至「跑贏大市」。(ca/u) ~
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