Bestore Likely to Accelerate Store Expansion -- Market Talk
Bestore Likely to Accelerate Store Expansion -- Market Talk
DJ Bestore Likely to Accelerate Store Expansion -- Market Talk
DJ Bestore可能加速門店擴張--市場談話
0209 GMT - Bestore's store expansion is likely to accelerate next year, as it enters the Northern China market, Daiwa Capital says. The confectionery company's sales from its offline channels also appear resilient, as it has been able to maintain average selling prices that are 10%-20% higher than those of its peers due to its focus on premium segments and less price-sensitive customers, Daiwa says. The Japanese bank also notes that its 2021-2022 EPS estimates for Bestore are also currently 16%-17% above the Bloomberg consensus, as it believes Bestore can grow its operating margins in omni-channel sales faster than the street's expectations. Daiwa maintains its buy rating and cuts its target price to CNY87 from CNY95, as traffic at its offline stores in South China remains pressured. Shares are down 1.3% at CNY58.60. (justina.lee@wsj.com)
0209GMT-大和資本表示，隨着Bestore進入華北市場，明年Bestore的門店擴張速度可能會加快。大和説，這家糖果公司線下渠道的銷售似乎也很有彈性，因為它專注於高端市場和對價格不那麼敏感的客户，因此能夠保持比同行高出10%-20%的平均售價。這家日本銀行還指出，其對Bestore的2021-2022年每股收益估計目前也比彭博社的共識高出16%-17%，因為它相信Bestore在全渠道銷售中的營業利潤率增長速度可以快於華爾街的預期。大和維持買入評級，並將目標價從人民幣95元下調至87元，原因是其在華南的線下門店的客流量仍然承壓。股價下跌1.3%，至人民幣58.60元。(justina.lee@wsj.com)
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December 07, 2020 21:09 ET (02:09 GMT)
2020年12月7日東部時間21：09(格林尼治標準時間02：09)
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