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<Research>Citi Raises LUK FOOK HOLD (00590.HK) TP to HKD25.4, Maintains Buy Rating
Recommend 4 Positive 8 Negative 1 |
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Citi released a report on LUK FOOK HOLD (00590.HK), of which FY2025 net profit sagged 37.77% YoY, roughly in line with the profit warning but deeper than the broker's original expectations. The 2HFY25 showed improvement compared to 1HFY25. The management expected double-digit SSSG in all regions for FY2026, beating the broker's expectations. The store net addition outlook also came in as a positive surprise. Citi raised its net profit forecasts for LUK FOOK HOLD for 2026 and 2027 by 12% and 11%, respectively. Given the increase in earnings and FCF forecasts, it maintained a Buy rating, lifting the target price from HKD17 to HKD25.4. AASTOCKS Financial News Website: www.aastocks.com |
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