大行評級|高盛:首予老鋪黃金目標價205港元 列為中國珠寶行業中唯一推薦買入股份
高盛發表研究報吿,首次覆蓋老鋪黃金,評級為“買入”,指出老鋪黃金定位是專注於奢侈傳統黃金工藝飾品的公司,產品平均售價和毛利率處於較高水平,並受到高淨值客羣支持,今年上半年實現超過100%的同店銷售增長,對比同期金飾和奢侈品牌同店銷售普遍下滑。
高盛預測老鋪黃金的市場份額將持續增長,2024至2026年純利年均複合增長率或可達29%,基於2025年預測市盈率約19倍,給予目標價205港元,並將老鋪黃金列為中國珠寶行業中的唯一推薦買入的股份。
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