《大行》中銀國際升周大福(01929.HK)目標價至15.2元 上季復甦如預期
中銀國際發表報告指,周大福(01929.HK)2026財年第一季零售流水錄得1.9%的按年跌幅,證明自從2025財年第一季呈現弱勢後,公司一直有持續的按季改善。
報告指,零售流水改善歸因於周大福珠寶期內淨關店311家,這反映公司策略成功,能透過關閉低效店,引流到表現較佳的存量店。配合公司推出新系列如傳喜系列,以及與知名IP合作,該行預期周大福可以如期在2026財年實現中單位數的同店增長。
因此在目前金價的周期下,該行預期周大福珠寶能維持市場的龍頭地位,並重申「買入」評級,目標價由13.8元調高至15.2元。
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