摩通:周大福(1929.HK)上季內地同店銷售轉正 重申“增持”評級
摩根大通發表報告表示,周大福(01929.HK)截至去年12月底止第三財季,內地同店銷售增長轉正,由對上一季按年跌7%扭轉至升2%,高於市場預期轉升1%;另本港同店銷售輕微改善,由對上一季按年跌42%收窄至跌35%,亦高於市場預期錄40%跌幅。
該行認為,更重要的是,周大福內地業務持續強勁,在次級城市加快增設店舖下,季內收益按年升17%,因此該行預期市場對其穩健業務表現會有正面反應,重申周大福為其香港零售股之首選,維持其“增持”評級,目標價10港元。
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