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研報掘金|招商證券:首予老鋪黃金“強烈推薦”評級 相信其具備成長機會

招商證券首次覆蓋老鋪黃金,予“強烈推薦”評級。報吿指,老鋪黃金去年業績快速增長,營收增長146%,淨利潤增長340%。在古法金市場和高端珠寶市場空間較大的背景下,公司具備成長機會。

該行指,公司當前同店銷售增速較快、中長期拓店空間大,同時高端定位及全直營渠道帶來較高的盈利能力。該行預計公司2024至2026年淨利潤分別為7.09億、8.63億、10.05億元,按年分別增長70%、22%、16%,6月28日股價對應2024年14.9倍市盈率和2025年12.2倍市盈率。

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