Zhitong Financial APP learned that Daiwa issued a research report, reiterating that$Tam Tsai International (02217.HK) $Buy rating, with a target price of HK $4. As of the end of March this year, annual earnings and adjusted profits grew by 27% and 18%, demonstrating its resilience and flexibility.
According to the report, the company's operations have gradually recovered, but the market atmosphere has not yet fully recovered, and there are still concerns about the conservative consumption of customers and the impact of the epidemic. Although the company has slowed the pace of branch expansion in the mainland and affected store profitability, management expects the situation to return to normal in the coming months, with turnover in Shenzhen returning to the previous level of 60% and 70%, while Guangzhou business is also rising steadily.