[ET Net News Agency, 16 July 2020] Goldman Sachs lifted its target price for Zhou Hei
Ya International Holdings (ZHY)(01458) to HK$4.4 from HK$4.3 and reiterated its "neutral"
rating.
The research house raised its 2020-21 EPS forecasts for ZHY by 5% mainly to factor in
more resilient and stronger online sales growth. The brand has been promoted by CCTV and
major KOLs (key opinion leaders) in live streaming platforms post COVID-19 given the Wuhan
feature.
However, offline traffic remains depressed given the lower traffic particularly in the
transport hub compared to the pre-COVID-19 period. Goldman now expects the company to post
a significant decline in profit in 1H but a turnaround from 2H with low single-digit sales
growth and close to double-digit net income growth. (KL)
|
|
|
|
|
|
|
|
|
|
Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
01458 ZHOU HEI YA
Nominal 
1.850 +0.040 (+2.210%) Research Report
16/07/2020 17:28
{I-bank focus}Goldman ups Zhou Hei Ya (01458) to HK$4.4
| Remark: | Real time quote last updated: 26/04/2024 18:00 |
| Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service |