《大行》中銀國際:料零售商可受惠金價上漲 首選六福(00590.HK)評級「買入」
中銀國際發表報告指出,今年9月初,金價再創新高至每安士3,500美元以上,或會令市場更看好黃金。根據金飾零售商的反饋,消費者開始適應較高的金價,並更願意購買黃金珠寶產品。該行預期行業可再次進入良性循環,門市生產力的提升可能促使門市擴張。
在公司層面,中銀國際預期零售商也可能因金價上漲而受益,因為其毛利率可能擴張,但由於庫存成本較高,去年及今年上半年的大幅毛利率擴張不太可能重現。在該行覆蓋的「買入」評級公司中,預期六福集團(00590.HK)將對當前牛市周期更為敏感,因其自營零售及香港、澳門及海外市場的敞口較高,並將其列為首選股。
中銀國際對部分珠寶零售商的評級及目標價
股份 | 評級 | 目標價
中國中免(01880.HK) | 買人 | 70元
周大福(01929.HK) | 買入 | 15.2元
六福集團(00590.HK) | 買入 | 23.8元
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.