Luk Fook (0590)

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#8
http://www.bloomberg.com/quote/590:HK
I think it is based on last year earnings

(09-06-2014, 12:37 PM)Tiggerbee Wrote:
(09-06-2014, 10:53 AM)LLI Wrote: Anyone knows why it is trading lower than Chow Sang Sang?
All I can think of is the franchise model vs the "own everything" model

How did you arrive at 6X PE? TTM EPS is 2.15 HKD and PE should only be 9.2X, which is not far off from CSS' 10.7 PE.


《大行報告》瑞信降六福(00590.HK)目標價至24.6元 評級「中性」
2014-04-16 10:08:31

瑞信表示,六福(00590.HK) 第四季同店銷售增長(SSSG)為負10%,港澳市場SSSG為負12%,內地為負1%,差過周大福第四季的同店銷售增長。

受較高基數效應之影響,加上第四季金價按年跌21%,黃金產品之SSSG為負15%。珠寶首飾的SSSG為負2%,較第三季略為收窄。

該行預料,六福2015財年上半年的SSSG將繼續惡化。相應下調2014-15財年盈測2%至5%,目標價由27元降至24.6元,評級維持「中性」。六福受惠內地市場復甦的程度,為行業中最低,因內地市場只佔集團銷售約21%。加上其依賴黃金產品銷售,相信在未來的季度,六福的SSSG跌幅,為同業中最差。

Finding the Value in a Speculative World
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Messages In This Thread
Luk Fook (0590) - by LLI - 07-06-2014, 09:56 PM
RE: Luk Fook - by Tiggerbee - 08-06-2014, 11:46 PM
RE: Luk Fook - by bmann025 - 09-06-2014, 05:50 AM
RE: Luk Fook - by bmann025 - 09-06-2014, 07:01 AM
RE: Luk Fook - by CityFarmer - 09-06-2014, 09:00 AM
RE: Luk Fook - by LLI - 09-06-2014, 10:53 AM
RE: Luk Fook - by Tiggerbee - 09-06-2014, 12:37 PM
RE: Luk Fook - by LLI - 09-06-2014, 02:50 PM
RE: Luk Fook - by bmann025 - 09-06-2014, 03:18 PM
RE: Luk Fook - by bmann025 - 09-06-2014, 04:21 PM
RE: Luk Fook - by bmann025 - 10-06-2014, 05:12 AM
RE: Luk Fook - by Tiggerbee - 10-06-2014, 06:39 PM
RE: Luk Fook - by bmann025 - 11-06-2014, 04:52 AM
RE: Luk Fook - by Tiggerbee - 11-06-2014, 11:48 PM
RE: Luk Fook - by bmann025 - 11-06-2014, 06:26 AM
RE: Luk Fook - by bmann025 - 12-06-2014, 04:27 AM
RE: Luk Fook - by bmann025 - 12-06-2014, 06:04 AM
RE: Luk Fook - by bmann025 - 13-06-2014, 04:17 PM
RE: Luk Fook - by bmann025 - 26-06-2014, 07:59 AM
RE: Luk Fook - by bmann025 - 30-06-2014, 04:57 PM
RE: Luk Fook - by Tiggerbee - 19-10-2014, 10:45 PM
RE: Luk Fook - by bmann025 - 30-10-2014, 12:34 PM
RE: Luk Fook - by bmann025 - 30-10-2014, 12:34 PM
RE: Luk Fook - by bmann025 - 30-10-2014, 12:41 PM
RE: Luk Fook - by bmann025 - 30-10-2014, 12:42 PM
RE: Luk Fook - by bmann025 - 04-11-2014, 02:59 AM
RE: Luk Fook - by bmann025 - 13-11-2014, 03:17 PM
RE: Luk Fook (0590) - by bmann025 - 26-11-2014, 05:01 PM
RE: Luk Fook (0590) - by Jacmar - 26-11-2014, 07:55 PM
RE: Luk Fook (0590) - by grubb - 26-11-2014, 08:37 PM
RE: Luk Fook (0590) - by bmann025 - 27-11-2014, 03:51 AM
RE: Luk Fook (0590) - by specuvestor - 27-11-2014, 02:43 PM
RE: Luk Fook (0590) - by bmann025 - 27-11-2014, 05:49 AM
RE: Luk Fook (0590) - by bmann025 - 29-11-2014, 04:20 PM
RE: Luk Fook (0590) - by Tiggerbee - 30-11-2014, 03:47 PM
RE: Luk Fook (0590) - by bmann025 - 18-12-2014, 08:05 AM
RE: Luk Fook (0590) - by bmann025 - 24-12-2014, 04:22 AM
RE: Luk Fook (0590) - by bmann025 - 28-12-2014, 06:14 AM
RE: Luk Fook (0590) - by bmann025 - 20-01-2015, 11:46 AM
RE: Luk Fook (0590) - by bmann025 - 20-01-2015, 12:09 PM
RE: Luk Fook (0590) - by bmann025 - 25-01-2015, 04:14 PM
RE: Luk Fook (0590) - by yogi - 21-02-2015, 01:41 PM
RE: Luk Fook (0590) - by bmann025 - 28-02-2015, 05:32 AM
RE: Luk Fook (0590) - by bmann025 - 09-03-2015, 01:49 PM
RE: Luk Fook (0590) - by Contrarian - 16-03-2015, 04:29 PM
RE: Luk Fook (0590) - by bmann025 - 24-03-2015, 03:54 PM
RE: Luk Fook (0590) - by bmann025 - 11-04-2015, 03:18 PM
RE: Luk Fook (0590) - by bmann025 - 23-04-2015, 05:34 AM
RE: Luk Fook (0590) - by bmann025 - 25-06-2022, 06:03 AM
RE: Luk Fook (0590) - by bmann025 - 29-06-2022, 09:21 AM
RE: Luk Fook (0590) - by bmann025 - 24-04-2023, 11:09 AM
RE: Luk Fook (0590) - by bmann025 - 02-07-2023, 07:26 AM
RE: Luk Fook (0590) - by bmann025 - 03-07-2023, 05:29 AM
RE: Luk Fook (0590) - by bmann025 - 12-07-2023, 04:40 AM
RE: Luk Fook (0590) - by bmann025 - 12-07-2023, 07:06 AM
RE: Luk Fook (0590) - by bmann025 - 15-07-2023, 01:21 PM
RE: Luk Fook (0590) - by karlmarx - 22-07-2023, 12:56 PM
RE: Luk Fook (0590) - by specuvestor - 23-07-2023, 10:30 PM
RE: Luk Fook (0590) - by karlmarx - 26-07-2023, 09:00 PM
RE: Luk Fook (0590) - by specuvestor - 26-07-2023, 10:00 PM
RE: Luk Fook (0590) - by weijian - 27-07-2023, 10:54 AM
RE: Luk Fook (0590) - by bmann025 - 05-08-2023, 06:38 AM
RE: Luk Fook (0590) - by karlmarx - 05-08-2023, 11:38 AM
RE: Luk Fook (0590) - by bmann025 - 07-02-2024, 12:50 PM
RE: Luk Fook (0590) - by bmann025 - 11-02-2024, 01:04 PM
RE: Luk Fook (0590) - by bmann025 - 14-06-2024, 09:35 AM
RE: Luk Fook (0590) - by bmann025 - 30-06-2024, 12:33 PM

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