瑞银此前研报指出，下调滔搏2025至2027年的每股盈测24至40%，以反映销售压力及更高的销售折扣。该行预期集团2025财年的收入及纯利分别下降7%及38%，接近公司指引，而2026财年的收入及纯利则料分别升3%及20%。该行将其目标价由6.6港元降至3.6港元，重申“买入”评级。Taobo (06110) fell nearly 4%. At press time, it was down 3.82% to HK$2.77, with a turnover of HK$31.9521 million.
The Zhitong Finance App learned that Taobo (06110) fell nearly 4%. As of press release, it was down 3.82% to HK$2.77, with a turnover of HK$31.9521 million.
According to the news, Taobo previously announced that in the third quarter of the 2024/25 fiscal year, the total sales amount of the group's retail and wholesale business fell year-on-year in the number of units obtained, narrowing from the low double-digit decline in the previous quarter. As of November 30, 2024, the gross sales area of direct-run stores decreased by 2.1% compared to the end of the previous quarter and 4.4% compared to the same period last year.
UBS's previous research report indicated that Taobo's earnings estimate per share from 2025 to 2027 was lowered by 24 to 40% to reflect sales pressure and higher sales discounts. The bank expects the Group's revenue and net profit for FY2025 to drop 7% and 38% respectively, close to the company's guidance, while revenue and net profit for FY2026 are expected to increase by 3% and 20%, respectively. The bank lowered its target price from HK$6.6 to HK$3.6, reaffirming its “buy” rating.
