You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
野村料香港零售续受压升新秀丽(1910.HK)评级重申买日清(1475.HK)
格隆汇 08-07 15:26

野村对零售股发表研究报告称,随着香港消费情绪低迷等,预计将影响下半年香港零售表现,因此,该行偏好受影响较少的香港零售股。当中,该行予周大福(1929.HK)“买入”评级,预计其表现将继续优于同行,因其内地业务贡献高,内地同店销售增长将维持强劲势头,以及受惠产品组品改变,黄金价格上升,毛利率将持续改善。

不过,野村此前已将六福集团(0590.HK)及I.T(0999.HK)的评级下调至“中性”,将莎莎国际(0178)的投资下调至“减持”,因该行预期相关零售股在港业务比重较高,将持续受压。

另一方面,野村重申对日清食品(1475.HK)的“买入”评级,目标价升至6.4港元,预期公司将受益于杯面产品加价,以及原材料成本及良好控制营运支出等,今财年的毛利率及营业利益率或可增长1.2个百分点。日清的股价早前受累整体市场环境疲弱,已由高位调整了18%,现时估值吸引,可以累积。

该行还指出,调升新秀丽(1910.HK)的评级至“中性”,但下调目标价至15.3港元。该行指虽然公司早前调升美国市场的产价格,或许会影响北美地区的需求,但公司股价由年初至今累跌了大约35%,相信已完全反映负面因素。新秀丽的股值已到达历史低位,较全球同业有大约54%的折让。

该行还表示,早前将恒安国际(1044.HK)的投资评级下调至“中性”,主要是忧虑其卫生巾业务的传统销售渠道疲软,并预期公司广告及促销支出将维持高水平。相比之下,该行较看好维达国际(3331.HK),评级为“买入”,认为其纸巾业务收入贡献较高,可受惠于木浆价格下跌。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account