On July 1st, Guolonghui reported that Bank of America Securities issued a report stating that Bosideng's revenue and net income after tax are expected to increase by 38.4% and 43.7% respectively in the 2024 fiscal year, which is 9% and 10% higher than the bank's previous expectations and the company's guidance, respectively. The bank believes that continued innovation in new product development will continue to drive company growth and diversify product offerings, helping to withstand seasonal fluctuations and improve store efficiency. Bank of America Securities raised its earnings per share forecasts for Bosideng's 2025 and 2026 fiscal years by about 15% and 18% respectively, and raised its target price by 13% to HKD 6. Considering the company's recent growth momentum, reasonable valuation, and significant 6% dividend yield, Bank of America Securities reiterated its 'buy' rating.
大行评级｜美银：上调波司登目标价至6港元 上调2025和26财年每股盈测
Major Bank Rating | Bank of America: Raised Bosideng's target price to HKD 6 and raised EPS estimates for FY2025 and FY2026.
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