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《大行》中銀國際升六福(00590.HK)評級至「買入」 目標價升至23.8元
阿思達克 06-30 15:40
中銀國際發表報告指,六福(00590.HK)今年3月底止2025財年淨利潤按年下降39.3%至10.68億元,差過該行預期,主要因對沖損失所致。然而,六福在2025財年下半年的營運表現超出預期。除了金價上漲外,選擇成毅作為新品牌代言人以及推出具有中國風設計的新產品系列也助力提升銷售勢頭。得益於這些舉措,六福預計在2026財年下半年恢復門店擴張,該行認為這些是積極信號。 報告指,雖然金價波動及其黃金對沖可能導致六福的淨利潤比以往更不穩定,但認為公司近期對新常態的適應表現出韌性,其專注於海外市場的新三年計劃亦令人鼓舞。將評級由「持有」上調至「買入」,因見到實現盈利穩定和持續重評可能性。目標價由14.7元升至23.8元。
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