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研报掘金丨光大证券:豫园股份核心物业具有较强区位优势,维持“买入”评级

Research reports: Everbright Securities: Shanghai Yuyuan Tourist Mart's core properties have strong location advantages, maintaining a "buy" rating.

Gelonghui Finance ·  Nov 6 03:46

Everbright's research reports pointed out that shanghai yuyuan tourist mart (600655.SH) third quarter performance is lower than our previous expectations, mainly due to the company's gold and jewelry business, impacted by the high gold price, retail sales fell short of expectations. Given the uncertainty regarding the future recovery of the gold and jewelry sector, the forecast for the company's 2024/2025/2026 net income attributable to the parent company is reduced by 60%/62%/63% to 1.11/1.181/1.253 billion yuan. The company's core properties have strong location advantages, and the gold and jewelry business has strong competitive advantages in regions such as East China, maintaining a 'buy' rating.

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