【大行评级|瑞银:下调高鑫零售目标价至2.5港元 维持“买入”评级】瑞银将高鑫零售的目标价由2.64港元降至2.5港元,维持“买入”评级。该行指,剔除一次性拖累因素,预计公司2025财年经常性净利润将超过市场预期。该行预计公司2025财年下半年同店销售增长较上半年0.3%增长加速,受惠产品价格竞争力提升带动线下客流量改善。预测2025财年净利润将介乎4.5亿至5.4亿元。2026财年门店改造和产品组合调整将较2025财年加速,从而推动净利润率扩张,并可能超出管理层此前设定的1.5%长期净利润率目标,市场对此尚未完全反映。

金融界
14 Apr
瑞银将高鑫零售的目标价由2.64港元降至2.5港元,维持“买入”评级。该行指,剔除一次性拖累因素,预计公司2025财年经常性净利润将超过市场预期。该行预计公司2025财年下半年同店销售增长较上半年0.3%增长加速,受惠产品价格竞争力提升带动线下客流量改善。预测2025财年净利润将介乎4.5亿至5.4亿元。2026财年门店改造和产品组合调整将较2025财年加速,从而推动净利润率扩张,并可能超出管理层此前设定的1.5%长期净利润率目标,市场对此尚未完全反映。

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