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《大行報告》野村升周大福(01929.HK)目標價至10.1元內地首財季同店銷增長仍強勁
阿思達克 07-17 11:04

野村發表研究報告,指周大福(01929.HK)2020財年第一季中國同店銷售增長11%,較前一季9%水平為高,相反香港同店銷售跌幅則由4-5月的中單位數擴大至跌11%。

該行指,香港市場疲弱屬預期之內,因為自6月起有持續示威行動。該行預期周大福將繼續跑贏同業,因為中國市場貢獻佔比較高(2019財年為64%),以及及受惠於產品組合改變,毛利率有改善。

野村將周大福2020-2022年盈利預測上調4-5%,以反映較佳銷售及毛利率,目標價由8.7元升至10.1元,評級「買入」。

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