郭家耀:貿易戰升級港股或下試21,000點 泡泡瑪特(09992.HK)增長潛力持續
港灣家族辦公室業務發展總監郭家耀稱,美股上週五(4日)顯着下挫,中國推出反制措施,令貿易戰升級,環球股市受壓,美股三大指數收市顯着下跌。美元走勢向好,美國十年期債息下滑至4釐水平,金價走勢向下,油價亦顯着急挫。港股預託證券普遍下跌,預料大市早段跟隨大幅低開。
內地股市上週四(3日)走勢向下,滬綜指低開低走,收市下跌0.2%,滬深兩市成交額略爲增加。
港股連日下滑,指數受貿易戰消息影響,失守23,000點關口,大市成交亦略爲增加。外圍市場表現動盪,投資者憂慮環球經濟及企業盈利表現將受影響,預料指數進一步下試21,000點支持,上方阻力在22,500點水平。
另泡泡瑪特(09992.HK)早前公佈強勁業績,集團收入130.38億元人民幣(下同),按年增長106.9%;毛利爲87.08億元,按年增長125.4%;盈利則爲31.25億元,按年增長188.8%。泡泡瑪特憑藉各部門高效協同及卓越的IP運營能力,成功推出多個經典IP新品系列,並孵化出多個全新IP,受到了粉絲的熱烈歡迎。公司持續提供高品質的產品與服務,進一步提升了品牌在全球的知名度與美譽度,顯着推動了銷售業績的增長,展現出強大的品牌活力與市場競爭力。集團通過改善顧客全渠道體驗與提升運營效率,推動中國內地各渠道的銷售增長,實現收入79.72億元,按年增長52.3%。同時,集團加大國際市場開拓力度,港澳臺及海外業務收入達50.66億元,按年增長375.2%,佔整體收入的38.9%。泡泡瑪特依託各IP的獨特性,制定差異化運營策略,成功驅動銷售業績增長,共有13個IP收入過億元。其中,THE MONSTERS、MOLLY、SKULLPANDA和CRYBABY的收入分別爲30.41億元、20.93億元、13.08億元和11.65億元。門店擴展方面,2024年中國內地淨增38家線下門店,門店總數從363家增至401家。同時,機器人商店數量也從2,190間增至2,300間,淨增110間。隨着全渠道精細化會員運營的深入,會員數字化規模快速擴大,截至2024年12月31日,累計註冊會員總數增長至4,608.3萬人,新增註冊會員1,172.9萬人。2024年,會員貢獻銷售額佔比達到92.7%,會員復購率爲49.4%。整體而言,泡泡瑪特的強勁增長潛力持續,帶動股價向好。
(筆者爲證監會持牌人,本人及相關人士沒持有上述股份)~
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