Core Viewpoint - Citigroup has initiated a 30-day upward catalyst observation for Luk Fook Holdings, anticipating strong operational data for Q3 FY2026 to be announced in January [1] Group 1: Sales Performance - Strong sales momentum observed in October and November is expected to continue into December [1] - The adjustment of the value-added tax policy is projected to positively impact gross margins in the second half of FY2026 and the first half of FY2027 due to robust sales growth [1] Group 2: Financial Forecasts - Citigroup has raised its net profit forecasts for Luk Fook for FY2026, FY2027, and FY2028 by 5%, 5%, and 2% respectively [1] - The current valuation of 7.3 times the forecasted price-to-earnings ratio and a dividend yield of 6.2% indicates that the stock remains attractive [1] Group 3: Investment Rating - Citigroup maintains a "Buy" rating for Luk Fook and has increased the target price from HKD 34.6 to HKD 35.2 [1]
大行评级｜花旗：对六福集团开启30天上升催化观察 目标价上调至35.2港元