研报掘金丨中金:大幅调高六福集团目标价46%至24.22港元

格隆汇
Jul 02, 2025

中金报告称,六福集团(0590.HK)截至今年3月底止年度业绩符预期,而披露4月至6月21日整体同店改善,内地同店增长近20%、港澳市场基本持平,上调2026财政年度盈利预测外,考虑行业估值中枢提升,将目标价调高46%,至24.22港元,维持“跑赢行业”评级。 中金指出,金价2025财年上涨逾40%带动下,令六福于下半财年收入转为录增长0.7%,毛利率亦受惠升5.9个百分点。为应对消费趋势变化,该公司计划产品双向延至高端与轻奢导向,规划推广定价黄金产品及钻石镶嵌足金定价产品等。 中金上调六福2026财年净利润预测,由13.13亿港元上调至14.81亿港元;每股盈利由2.24港元,上调至2.52港元;营业额预测调高22%,由130.93亿港元调高至159.95亿港元。2027财年净利润预期为17.43亿港元;每股盈利2.97港元;营业额料为183.54亿港元。

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