大行評級|花旗:對周大福展開30天正面催化觀察 目標價9.9港元
花旗發表報告,對周大福展開30天正面催化觀察,認爲周大福的固定價格黃金產品的收入規模和利潤狀況與老鋪黃金相匹配,但市值較老鋪黃金滯後13%,這意味着周大福其他業務估值需要重估。該行予周大福“買入”評級,目標價爲9.9港元。花旗認爲周大福今年1月和2月同店銷售跌幅已持續收窄,並預期後續同店銷售趨勢在3月的低基數效應下可能回穩。由於黃金價格從高位回落,預期以重量爲基礎的黃金首飾產品的潛在需求將被釋放。另外,雖然預期淨關閉店鋪的趨勢將在2026財政年度持續,但料不會成爲新的負面因素。
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