CICC: Maintaining China's Lilang (01234) “outperforming the industry” rating and raising the target price by 6.3% to HK$5.16

Zhitong Finance · Mar 18 21:41

The Zhitong Finance App learned that CICC released a research report stating that it maintained China's Lilang (01234) “outperforming the industry” rating, raised the 2024 profit forecast by 5.3% to 610 million yuan, and introduced the 2025 profit forecast of 670 million yuan, increasing the target price by 6.3% to HK$5.16, corresponding to 9.0x and 7.8xp/E for 2024 and 2025. Management guidelines target retail sales in 2024 to increase 15% year over year. Among them, it is expected that 100-200 net offline stores will be opened. There is room for improvement in the efficiency of main series and light commercial stores, and e-commerce retail sales will increase 20% year over year.

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中金：维持中国利郎(01234)“跑赢行业”评级 上调目标价6.3%至5.16港元

CICC: Maintaining China's Lilang (01234) “outperforming the industry” rating and raising the target price by 6.3% to HK$5.16

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中金：维持中国利郎(01234)“跑赢行业”评级上调目标价6.3%至5.16港元