Ge Long Hui·2025-12-26 13:32Core Viewpoint - Bank of America Securities has raised the target price for Fast Retailing (6288.HK) from 66,000 JPY to 72,000 JPY, reflecting valuation expectations for the fiscal year 2022 [1] Financial Forecasts - The earnings per share (EPS) forecast for Fast Retailing for the fiscal year 2021 has been increased from 1,340.92 JPY to 1,675.57 JPY [1] - The EPS forecast for the fiscal year 2022 has been slightly decreased from 2,192.73 JPY to 2,160.24 JPY [1] - The EPS forecast for the fiscal year 2023 has been reduced from 2,602.38 JPY to 2,512.54 JPY [1] Performance Insights - The performance for the fiscal year 2020 is viewed positively, with a 6% decline in sales in the Greater China region during the fourth quarter, despite being a challenging year [1] - Operating profit only decreased by 25%, indicating resilience in the business [1] - Most regions outside Japan and Greater China faced difficulties in the first half of the year, but a strong recovery is anticipated in the second half [1] Online Sales Growth - Sales of Fast Retailing's main product lines have increased by 20-60%, with expectations for further growth in the future [1] - The company plans to continue expanding its online sales market, while inventory has only seen a slight increase [1]