【大行评级|大和:上调周大福评级至“买入” 盈利能力及估值正逐步回归平均值】大和发表研究报告指,一举将周大福的评级由“跑输大市”升至“买入”,目标价由7港元上调至11港元,相信集团的盈利能力及估值正逐步回归平均值。大和认为,市场过份高估与老铺黄金之间的竞争忧虑,而且低估了周大福正在进行的品牌升级措施所带来的利好因素。其次,该行认为市场忽略了周大福的传统黄金系列HUA Collection正有潜力演变成独立品牌,从而释放重大价值。另外,该行认为周大福先前的快速店铺扩张策略正急剧逆转,料净利润或于2024财年下半年触底。最后,该公司股价仍被严重低估。

金融界
Mar 03, 2025
大和发表研究报告指,一举将周大福的评级由“跑输大市”升至“买入”,目标价由7港元上调至11港元,相信集团的盈利能力及估值正逐步回归平均值。大和认为,市场过份高估与老铺黄金之间的竞争忧虑,而且低估了周大福正在进行的品牌升级措施所带来的利好因素。其次,该行认为市场忽略了周大福的传统黄金系列HUA Collection正有潜力演变成独立品牌,从而释放重大价值。另外,该行认为周大福先前的快速店铺扩张策略正急剧逆转,料净利润或于2024财年下半年触底。最后,该公司股价仍被严重低估。

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