大行评级|美银:上调老铺黄金目标价至999港元 上调2025及26财年盈测

格隆汇
23 Jun

美银证券发表研究报告指,尽管老铺黄金次季起至今股价累跌约5%,其表现不及新消费同行(平均上涨10%)和黄金珠宝同行周大福或六福集团(分别上涨43%和26%),料受投资者对本月下旬逾1.4亿股禁售期届满忧虑所影响,但相信未来多个利好因素或扭转劣势。美银将老铺目标价先932港元上调至999港元,评级由“中性”升至“买入”,分别上调2025及2026财年净利润预测21%和15%至45亿元和62亿元。 美银认为老铺黄金有以下利好因素:其一是加快开店速度及销售势头强劲,老铺黄金今年至今已开设4家精品店,计划2025年共开设8家,超该行原先预测,其中前日(21日)开幕的新加坡门店吸引大量客流;此外,今年至今在线销售表现强劲下,该行预期黄金价格上涨(根据该行预测,未来12个月可能达到每盎司4000美元)、老铺黄金的创新产品推出及品牌知名度提升,将继续推动老铺黄金的的销量稳健增长,促进市场渗透。

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