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》摩通下調莎莎(00178.HK)目標價至1.1元 評級「中性」
阿思達克 11-20 10:51
摩通發表報告指出,莎莎(00178.HK)截至今年9月底止中期純利1.02億元,為盈喜預測範圍1億至1.15億元的下限。該行估計,業績改善可能是由於香港及澳門旅客回升;由於獨家品牌銷售組合增加至34%,公司毛利率按年擴張410點子至41%(長期目標為50%);控制開支有所改善,租金和員工成本均佔銷售額的約11%。 該行認為,雖然莎莎2024財年第三季的銷售額按年增長似乎有所放緩,但公司管理層致力於加強產品組合,以推動毛利率持續擴張,相信可支持盈利復甦並有助於恢復派發股息。 該行預期莎莎2024財年下半年的銷售按年增長29%,經營利潤率持續提升至8.5%。但由於稅收影響,估計公司期內盈利將略為下跌,而海南和其他國家吸引內地旅客消費,相關競爭亦屬風險。該行維持對莎莎的「中性」評級,認為該股近期缺乏催化劑,目標價由1.25元下調至1.1元。
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