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研報掘金丨國泰君安:維持老鳳祥“增持”評級,上調目標價至64.48元
格隆匯 03-18 15:57
國泰君安研報指出,老鳳祥(600612.SH)24年實現歸母淨利潤19.50億元,同比下降11.95%;Q4歸母淨利潤1.74億元,同比下滑30.4%。Q4業績略低於預期,金價持續上行動銷拓店有所承壓。考慮到2024年4 月以來基數回落,預計行業終端動銷及同店表現有望於2025Q2企穩回暖;公司深入推進雙百行動綜合改革,積極探索實施職業經理人制度,充分激發經理層成員積極性和主動性,進一步激發企業成長動能;目前部分地區省代已通過海南金猊曉主體已完成出資,各方利益深度綁定,靜待行業需求企穩回暖,業績彈性釋放值得期待。上調目標價至64.48元(原值61.12元),維持“增持”評級。
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