摩根士丹利发布研报称尽管老铺黄金(06181.HK)近期产品价格上调12.5%门店外仍有排队现象需求表现良好。集团认为消

智通财经
Sep 11
摩根士丹利发布研报称尽管老铺黄金(06181.HK)近期产品价格上调12.5%门店外仍有排队现象需求表现良好。集团认为消费者已开始接受老铺黄金的定价机制并将继续保持每年两次调价的做法。短期金价波动会影响毛利率但其长期目标则是将毛利率维持在约40%。报告表示老铺黄金2026年中国业务的重点是将现有门店网络升级。继近期新加坡门店开业后下一家计划于2026-2027年在日本开设具体时间取决于业主交房时间。另外集团库存采购所需的融资规模将取决于今年第四季的业绩增长轨迹及集团对2026年第一季增长的预期。

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