Daphne Forecasts 2010 Annual Sales Growth Of 22%
乔丰证券分析师乐雪发表研究报告，指达芙妮(00210.HK)为内地领先女装鞋零售商，拥有面向大众市场的“Daphne”及“Shoebox”品牌。
The average selling price of branded assets is affordable and keeps Daphne in a leading position.
Daphne is pulling out of the loss of sportswear distribution business, in addition to several high-end licensing brands to penetrate the high-end market.
Management said it was satisfied with the first quarter sales performance, while the "Daphne" brand grew 5% in the same store, while the "Shoebox" brand had a low double-digit growth rate.
The bank forecasts Daphne's 2010 annual sales growth of 22% and profit growth of 34%, the first to buy "rating", the target price of 12.5 yuan, the current forecast price earnings ratio of 15.5 times in 2010, compared with BELLE (01880.HK) 38% discount.
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