唯品会控股有限公司：营收增长恢复正区间仍需更多耐心
Mo Gen Shi Dan Li·2025-05-22 00:45
May 21, 2025 05:00 AM GMT Vipshop Holdings Ltd: More patience needed for revenue growth to return to positive territory Although Vipshop has witnessed improving consumption demand in April and May vs. 1Q25, it is still too early to expect its revenue growth to return to positive territory in 2Q25. However, VIPS' high shareholder return (12% yield) and low valuation (6.6x 2025e P/E) limit downside, in our view. Play Audio Read more: Vipshop Holdings Ltd: More patience needed for revenue growth to return to p ...