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大行評級|大和:上調周大福目標價至13港元 上調盈利預測
格隆匯 05-09 12:40
大和發表研究報吿指,金價上升促使消費者關注黃金,五一勞動節假期,黃金珠寶零售開支按年增速進一步擴大至14.4%,對比3月為10.6%,認為行業正進入一個持續至2025年9月的低基數時期,而其中周大福股價表現強勁,受到眾多投資者青睞。大和指出,公司今年6月重新推出高級珠寶業務,另外新推出的傳喜系列潛力可能較核心產品系列傳福更大,因其產品平均售價更高,加上週大福持續推陳出新,與知名IP合作,並增設寵物珠寶產品系列等,預料都有助於推動高利潤產品銷售貢獻。大和認為周大福有不少利好因素尚未充分反映在股價表現上,重申“買入”評級,將目標價從11港元上調至13港元。基於產品組合轉向至定價黃金產品,以及金價走勢,大和將該公司2025至2027年每股盈利預測上調8%至10%。
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