Horse Year Investors Optimistic About Zhou Dafu'S Turnover Increased By 32% During The Spring Festival

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > Chow Tai Fook < /a > announced that during the Chinese New Year (January 17th to February 3rd), the retail turnover of the group increased by 32% annually, and the retail turnover in Hong Kong and Macao increased by 28%, while the mainland increased by 34%.

The retail sales of single outlets increased by 15%, while the mainland and Hongkong were 18% and 11% respectively.

Overall sales growth in the same store was 37%, with 37% growth in the mainland and 35% in Hong Kong and Macao.

According to product classification, gold products increased slightly by jewelry and inlaid jewelry, respectively, showing an increase of 19% and 13% respectively.

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > Credit Suisse < /a > and HSBC securities are all optimistic about Zhou Dafu, and they are awarded the investment rating of "better than big city" and "overweight" respectively.

Credit Suisse published research report that in the industry, Zhou Dafu's jewelry sales accounted for the highest proportion, and actively develop the domestic market, or offset some of the negative factors, so that its performance can be better than other industries this year.

Zhou Dafu's jewelry sales are still stable this year, which is believed to have improved the launch and consumption of the jewellery series.

It means that during the past lunar new year, the company's sales in the same store outperformed other jewelers.

The bank reiterated its "better than big city" investment rating with a target price of 14.5 yuan.

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< p > > a href= "http://sjfzxm.com/news/index_s.asp" > HSBC securities < /a > indicates that Zhou Dafu's share price has dropped by about 13% from last month's high position, reflecting the market's concern that this year's performance can sustain growth under a higher base.

The bank refers to the current valuation of shares, and the expected sales improvement will drive profit growth. The net profit growth of 2014 and 15 years is 33% and 11% respectively.

The bank pointed out that because this year's lunar year is "double spring" and a href= "http://sjfzxm.com/news/index_s.asp" > leap month < /a >, it belongs to the Chinese traditional wedding year, and it will increase the market demand for jewelry.

The growth in sales and the recovery of gold prices during the Spring Festival and Valentine's day are all catalysts.

The Zhou Dafu rose from "neutral" to "overweight", and the target price rose from 12.5 yuan to 14.2 yuan.

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