港股異動丨周大福跌近8%創階段新低,第一財季零售值同比跌20%遜預期,遭多家大行下調目標價
周大福(1929.HK)盤中一度跌7.7%報7.3港元,股價創2020年9月以來新低;該股年內累跌36%。公司昨晚公佈截至6月底止第一財季經營數據顯示:零售值下跌20%,其中,內地零售值跌18.6%,香港、澳門及其他市場零售值跌28.8%;第一財季內地直營店及加盟店的同店銷售分別同比跌26.4%及19.1%,香港及澳門的同店銷售則減少30.8%。瑞銀髮表報吿,下調對周大福2025財年至2027財年每股盈利預測4%至12%,反映金價波動短期內對行業需求構成壓力,以及店鋪網絡優化。亦下調對周大福目標價,由13.6港元降至12.3港元,相於預測2025財年市盈率16倍,維持“買入”評級。花旗發表報吿指,由於金價處於歷史高位,加上宏觀經濟疲弱令需求受阻,周大福首財季零售值同比跌20%,差過預期。維持“買入”評級,目標價由14.2港元降至11.4港元。美銀證券發表報吿指,下調周大福2025財年的業績預測8%,反映今年以來同店銷售增長走勢遜預期及寶零售點(POS)關閉數量多於預期,決定下調對其目標價15%,由10.9港元降至9.3港元,料周大福銷售會因金價波動及宏觀環境疲軟而繼續受壓,重申“中性”評級。里昂發表報吿指,周大福首財季同店銷售增長疲弱,7月份趨勢與首財季相若,意味着該行對其2025財年同店銷售增長及盈利能力預測將會下調。集團公佈截至6月底第一財季零售值按年跌20%後,里昂將周大福2025至2027年度銷售額和淨利潤預測各下調4%和11%,以反映2025財政年度至今的疲弱銷售,以及前景能見度有限,予“持有”評級,並將目標價由9.2港元下調至7.5港元。大和發表報吿指,周大福截至6月底止首財季零售值同比跌20%,評級由“買入”連降三級至“跑輸大市”,目標價削半,由14港元降至7港元。

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