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《大行》花旗升周大福(01929.HK)目標價至15.8元 上季銷售符預期
阿思達克 07-23 11:32
花旗研究報告指出,周大福(01929.HK)2026財年第一季度銷售表現符合該行預期,得益於營運優化和產品供應的提升,同時也受到關閉表現不佳門店後需求轉移,以及較寬鬆的比較基數助力下,同店銷售增長(SSSG)有所改善。周大福管理層預計7月銷售將持續改善,並維持2026財年預期指引不變。 花旗因同店銷售增長復甦的可見度提高,基於類加總估值法(SOTP)將目標價從14元上調至15.8元,相當於整體2026財年預期市盈率19倍。花旗也看好公司在廣大零售網絡中的強大領導力、對加盟店的強大營運管理、產品開發、品牌價值及執行能力,維持對該股「買入」評級。
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