Daphne Forecasts 2010 Annual Sales Growth Of 22%
喬豐證券分析師樂(lè)雪發(fā)表研究報(bào)告,指達(dá)芙妮(00210.HK)為內(nèi)地領(lǐng)先女裝鞋零售商,擁有面向大眾市場(chǎng)的“Daphne”及“Shoebox”品牌。
The average selling price of branded assets is affordable and keeps Daphne in a leading position.
Daphne is pulling out of the loss of sportswear distribution business, in addition to several high-end licensing brands to penetrate the high-end market.
Management said it was satisfied with the first quarter sales performance, while the "Daphne" brand grew 5% in the same store, while the "Shoebox" brand had a low double-digit growth rate.
The bank forecasts Daphne's 2010 annual sales growth of 22% and profit growth of 34%, the first to buy "rating", the target price of 12.5 yuan, the current forecast price earnings ratio of 15.5 times in 2010, compared with BELLE (01880.HK) 38% discount.
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