瑞银发表研报指，老铺黄金受精品店升级、VIC服务及更频繁推出新产品所支持，其品牌实力、渠道能力和产品定位，正在缓解金价回调带来的冲击。该行认为，老铺黄金股票已超卖，潜在的催化因素包括上半年财报表现优于预期、VIC相关活动、及下半年海外门店开幕。该行预期，公司今年上半年收入及净利润将分别同比增长93%及118%。该行基本预测下半年金价将会复苏。而即使在金价持续疲弱，老铺黄金的同店销售增长的压力亦可望被新门店贡献所抵销。该行微调公司2026至28年的每股盈测0至2%，但基于高基数下中期增长放缓及市场竞争，将目标价由930港元下调至650港元，维持“买入”评级。
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