Bank Of America Merrill Lynch Assessment: Daphne Profits Or Bottom

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< p > November 27th news, < a href= "http://sjfzxm.com/news/index_c.asp" > Merrill Lynch < /a > report that Daphne profits will bottom out, the company's share price rebounded by more than 7%.

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< p > up to 10:40, < a href= "http://sjfzxm.com/news/index_c.asp" > Daphne < /a > increased 7.49% to HK $3.59, which was about HK $89 million.

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< p > mein Merrill Lynch issued a research report that, although the sales decline of the same store in the fourth quarter of the year was lower due to the lower base, the decline in the same store sales of the "a href=" http://sjfzxm.com/news/index_c.asp "Daphne international" /a "than in the previous quarter, but in the case of a downturn in the retail market, its sales momentum has not improved significantly, and the inventory provision and operating leverage have further reduced its gross profit. Therefore, the company's 13 / 14 profit forecast has been reduced by 12%, and the target price has been reduced from 4.9 yuan to 4 yuan, and the rating has remained" neutral ".

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< p > the bank said that Daphne's current price is equivalent to 14 years' forecast < a href= "http://sjfzxm.com/news/index_c.asp" > P / E < /a > 10.5 times, valuations in two years low, I believe most of the negative factors have been reflected in < a href= "http://sjfzxm.com/news/index_c.asp" > stock price < /a >.

At the same time, it is believed that profits will be bottomed out this year after implementing the efficiency improvement measures, but in a challenging market environment, the visibility of corporate profits is still low.

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< p > the bank expects Daphne's sales momentum to improve next year after its solution to the problem of employee turnover and the new branch opened this year.

At the same time, it is expected that the company's gross profit margin will improve next year after reducing discounts, removing inventory and closing the loss stores.

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< p > < strong > related links < /strong > < /p >

< p > by the top ten selection committee of China footwear industry, China footwear alliance and Huicong shoe net, the theme of "Yuexiu fortune World Cup", with the theme of "gathering the brand power to cast the future of footwear industry", was the 2012-2013 most influential person and enterprise's top ten award in November 19th. The grand opening was held in Guangzhou Yihe villa.

At the scene of the event, tens of thousands of well-known enterprises and industry experts gathered in the country to witness the birth of the top 10 list of women's shoes.

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< p > < strong > Daphne has won the title of "China shoes industry" < a href= "http://sjfzxm.com/news/index_c.asp" > top ten ladies shoes brand < /a > in 2012-2013.

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< p style= "text-align: center > > strong > Daphne < /strong > /p >

< p > this ten best selection campaign was launched in June. It has attracted wide attention from industry leaders, enterprises, media and Huicong users. There were 12578 enterprises participating in the registration process, and 4781 enterprises eventually met the requirements. In the voting stage, the total voting volume was broken by 44039582 votes, including 300005182 votes in the online voting, 3517600 votes in SMS voting, 516800 votes in online banking, and hundreds of authoritative TV stations, newspapers, magazines and websites as support media, giving vigorous publicity and promotion during the campaign.

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< p > > a href= "http://sjfzxm.com/news/index_c.asp" > 2012-2013 China Footwear Industry Summit Forum < /a > and the most influential enterprise and personage top ten Awards Presentation event is aimed at bringing together the industry giants to enable the global netizens to first understand the famous enterprises and elites in China's footwear industry, enhance user trust, review the development status of shoemaking industry, promote the orderly and healthy development of the industry, effectively enhance the pioneer influence of famous brands, and create the industry of "influence + strength" in depth. Oscar

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