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中金:維持周大福(1929.HK)“跑贏行業”評級 下調目標價至7.97港元
格隆匯 10-21 17:37

中金公司發佈報告稱,周大福(01929.HK)公佈其2020財年第二季度運營數據:中國內地市場零售額同比增長4%,香港及澳門市場零售額同比下降35%。周大福同時宣佈,受國際金價上漲影響,其黃金貸款按照市價計算的價值上升,預計2020財年上半年將出現8至10億港元的未變現虧損,其中期業績可能因此承壓。

從產品來看,內地市場珠寶鑲嵌首飾同店銷售額同比持平,香港及澳門市場珠寶鑲嵌首飾同店銷售額同比下降35%。從渠道來看,2020財年第二季度周大福新開242家線下門店,門店總數達到3490 家。2020財年前5 個月的核心經營利潤同比仍符合預期。

該行表示,維持其“跑贏行業”評級,目標價下調18.5%至7.97港元。

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