Core Viewpoint - Citi's report indicates that Luk Fook Holdings experienced strong same-store sales growth in the third fiscal quarter ending December, with a 31% increase in mainland franchise stores and a 16% increase in Hong Kong, Macau, and overseas markets, aligning with expectations [1] Group 1: Sales Performance - Same-store sales growth in mainland self-operated stores was 7%, which was below expectations but only accounted for about 10% of the group's revenue, thus having a limited impact [1] - The same-store sales growth from early this month to the 7th exceeded the performance of the third fiscal quarter, indicating a positive outlook for the upcoming Lunar New Year sales season [1] Group 2: Profitability Outlook - The significant acceleration in the growth of fixed-price gold products is expected to positively impact profit margins [1] - Citi anticipates a similar trend of accelerating same-store sales growth and margin improvement, leading to a "Buy" rating for the stock with a target price of HKD 35.2 [1]
大行评级｜花旗：六福集团农历新年销售旺季前景良好 评级“买入”