Zhou Hei Ya (01458.HK) rallies 6% to new high

Summary

[Zhou Hei Ya (01458.HK) pulls up 6% to set a new high]Zhou Hei Ya (1458.HK) once again rises by 6% to reach 11.36 Hong Kong dollars and is expected to set a new record high price, with a total market value of 27 billion Hong Kong dollars. Zhou Hei Ya plans to open 800 to 1,000 stores each year, and is confident that the number of physical stores will reach 4,000 to 5,000 by 2023. Goldman Sachs pointed out that this shows that the group is more confident in launching a franchise, and the return period and profitability of the business are in line with or even better than management expectations. Yamato also believes that Zhou Hei Ya will benefit from the increased utilization of production facilities and the accelerated expansion of its store network. Its operating profit margin can expand faster than market expectations. The target price has been raised from HK$11 to HK$13 and the rating is “Buy”. (Gelonghui)

　　Zhou Heiya(1458.HK) once again pulled up 6%, reported 11.36 Hong Kong dollars is expected to set a new historical high, with a total market value of 27 billion Hong Kong dollars.Zhou HeiyaIt plans to open 800 to 1,000 stores every year, and is confident that the number of physical stores will reach 4,000 to 5,000 by 2023.Goldman SachsIt is pointed out that this shows that the group is more confident in launching the franchise, and the payback period and profitability of the business are in line with or even better than management expectations.Yamato also believesZhou HeiyaBenefiting from increased utilization of production facilities and accelerated expansion of the store network, its operating profit margin can expand faster than the market expected. The target price was raised from 11 Hong Kong dollars to 13 Hong Kong dollars, and the rating was “Buy”.

(Source: Gelonghui)

(Editor in charge: DF532)