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研報掘金|中金:維持周大福“跑贏行業”評級 高金價影響上半年收入
格隆匯 10-24 13:35

中金髮表報吿指,金價持續升高影響內地及港澳的黃金飾品銷售,港澳及其他市場零售額在上年同期高基數上按年下滑 31%,其中香港及澳門同店分別按年下滑28%及40%。季內港澳及其他市場分別淨關店3家,淨開3家周大福珠寶零售點。該行亦指,高毛利率的定價黃金首飾熱賣,抵銷金價上升對銷售帶來的負面影響,而高金價影響集團上半年收入,而調整後淨利率略有提升。

該行維持周大福2025財年及2026財年每股盈利預測0.58港元及0.69港元,維持“跑贏行業”評級和目標價7.82港元不變。

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