Core Viewpoint - Goldman Sachs reports that Gu Ming (01364) has been opening stores at a pace exceeding expectations, driven by delivery subsidies and new product offerings, with GMV growth exceeding 20% in July and August [1] Group 1: Store Expansion and Performance - Gu Ming's store opening speed has consistently surpassed expectations [1] - The company has experienced strong GMV growth, with over 20% increase in July and August [1] Group 2: Financial Projections - Goldman Sachs has raised Gu Ming's profit forecasts for 2025 to 2027 by 9% to 14% [1] - The adjusted core net profit forecast for this year has been increased from 2.2 billion RMB to 2.4 billion RMB [1] Group 3: Target Price and Rating - The target price for Gu Ming has been raised from 30 HKD to 32 HKD [1] - Goldman Sachs maintains a "Buy" rating for the company [1]
高盛：升古茗(01364)目标价至32港元 维持“买入”评级