share_log

花旗:将莎莎国际(00178)投资评级从“沽售”升至“买入” 目标价上调至1.73港元

Citi: Raising Sasha International's (00178) investment rating from “sell” to “buy” target price to HK$1.73

Zhitong Finance ·  Jun 16, 2023 10:55

The Zhitong Finance App learned that Citi released a research report saying that considering that the current price level is about 20 times the price-earnings ratio forecast for the 2024 fiscal year, which is about 22 times lower than the valuation level before the pandemic, the investment rating of Sasha International (00178) was raised from “sell” to “buy”, and the net profit forecast for the 2024-2025 fiscal year was raised by 373% and 38% to reflect that revenue and profit margin performance will improve under the reopening of borders, a better product sales mix and better operational efficiency. The target price will be adjusted from HK$0.92 to HK$1.73 original. Furthermore, 2023 turned a loss into a profit and obtained a profit of 58 million yuan, which is in line with earlier earnings predictions. Among them, Hong Kong and Macao's gross margin had begun to improve in the third fiscal quarter before customs clearance, which is surprising.

The translation is provided by third-party software.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment