大行评级|中银国际:上调六福集团目标价至23.8港元 评级升至“买入”

格隆汇
30 Jun

中银国际发表报告指,六福集团今年3月底止2025财年净利润按年下降39.3%至10.68亿港元,差过该行预期,主要因对冲损失所致。然而,六福在2025财年下半年的营运表现超出预期。除了金价上涨外,选择成毅作为新品牌代言人以及推出具有中国风设计的新产品系列也助力提升销售势头。得益于这些举措,六福预计在2026财年下半年恢复门店扩张,该行认为这些是积极信号。 报告指,虽然金价波动及其黄金对冲可能导致六福的净利润比以往更不稳定,但认为公司近期对新常态的适应表现出韧性,其专注于海外市场的新三年计划亦令人鼓舞。该行将对其评级由“持有”上调至“买入”,因见到实现盈利稳定和持续重评可能性,目标价由14.7港元上调至23.8港元。

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