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》招銀國際微降周大福(01929.HK)目標價至18.6元 維持「買入」評級
阿思達克 11-27 10:19
招銀國際發表報告指,周大福(01929.HK)上半財年收入495.3億元,淨利潤45.5億元,分別按年增長6.4%及36.4%。雖然內地及港澳地區的收入增長率均略低於預期,低受惠於商品定價提高、營運效率優化及金價上行趨勢延續,整體核心淨利潤略勝於預期。 管理層表示,12月底止第三財季截至目前的表現符合預期,預計11月單月銷售增長逾20%,12月增長可望進一步提升,預計本季可實現中高單位數增長。全年度來看,收入料錄高單位數增長,核心淨利潤率可望改善50至80個基點的目標不變。全年派息比例預計維持在70至80%。公司又計劃於下半年集中推推出鑲嵌類商品,加盟商對新品的訂貨意願強烈。另外,公司預計下半年中將繼續透過多方面把控將行銷花費控制在2023財年水平以下。 該行將集團2024及25財年的收入預測分別下調1.7%及5.1%,惟分別上調淨利潤預測9.1%和1.1%。目標價由18.7元略降至18.6元,維持「買入」評級。
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