Core Viewpoint - Oriental Selection (01797) has seen a significant stock price increase of over 16% in the afternoon, with a cumulative rise of over 25% in the past two trading days, following a sharp decline of over 50% after reaching a new high on August 19 [1] Financial Performance - As of the latest report, the stock price is at 26.78 HKD, with a trading volume of 2.264 billion HKD and a TTM price-to-earnings ratio of 4436 [1] Analyst Insights - Citigroup's recent research report indicates a shift in Oriental Selection's business model from "relying on leading hosts" to a "scaled membership platform," leading to a downward revision of revenue forecasts for fiscal years 2025 to 2027 by 36%, 31%, and 30% respectively [1] - Profit forecasts have also been adjusted downwards by 69%, 30%, and 26% for the same periods [1] - The target price has been raised from 18.5 HKD to 33 HKD, with expectations of 264,000 paying members and a monthly repurchase rate of 40% [1] Profitability Expectations - The gross margin for proprietary brands is expected to recover from a low of 10% to 24% [1] - Adjusted net profit margin is projected to reach 7% to 8% by 2028, compared to the current 4% [1] - The "buy" rating is maintained, but the effectiveness of the transformation will need to be validated over several quarters [1]
港股异动 | 东方甄选(01797)午后涨超16% 近两个交易日股价累涨25% 此前不到一个月股价腰斩