Gf sec's recent research report pointed out that hla group corp., (600398.SH) strategically cooperated with jd.com outlets, exploring new growth poles, and made a good start during the National Day. According to the official WeChat account of Wuxi Commerce Bureau, the daily average foot traffic of the first national jd.com outlet store exceeded 0.03 million during the National Day. Referring to the industry, the retail sales of clothing, shoes, hats, needles, and textiles of enterprises above the quota changed by +0.03% in 2024Q2 and -3.18% in July and August 2024, with a cautious outlook on the company's performance in the third quarter. It is expected that in the fourth quarter, with the reversal of policy attitudes and the potential benefits from the consumption environment, coupled with the help of the jd.com outlets, performance may improve. Referring to comparable company valuations, and considering the company's high dividend yield, the company is given a 15 times PE ratio for 2024, with a fair value of 8.52 yuan per share and a "buy" rating maintained.
广发证券：海澜之家战略合作京东奥莱落地，维持“买入”评级
gf sec: hla group corp., global strategy cooperation with jd.com outlet, maintaining a "buy" rating.
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