美银证券发表报告，将周大福(01929.HK) 评级由“中性”升至“买入”，因为公司以国内市场为重心，不受全球关税的直接影响。加上同店销售见底，周大福的同店销售跌幅已收窄，并可能在未来几个季度进一步改善；估值要求不高，6%股息率可为股价下行提供支持，而成功的转型则可为其倍数重新定价提供基础。
美银证券将周大福目标价由7.3元升至11.9元，以反映同店销售见底回升及潜在的品牌转势。该行相信最严重的同店销售下跌时期已经过去。由于金价上涨损害了以重量计价的产品，加上消费意欲疲弱，预期周大福中国同店销售在2025财政年度(3月止)将下跌20%。预期同店销售将于2026财政年度转正，按年增长 3%，主要受惠于较容易的比较基数、新产品推出及新概念店推出。(ha/u)(港股报价延迟最少十五分钟。沽空资料截至 2025-04-16 16:25。)
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