Haitong Securities Research Report pointed outbaccarat168, Bull Group (603195baccarat168.SH) In the past 23 years, multiple businesses have experienced comprehensive growth, and revenue and profits have maintained high growth in 24Q1. Referring to comparable companies, the company is given a 24-year PE valuation of 28 - 30 times, corresponding to a reasonable value range of 138.88 - 148.80 yuan, and a rating of "better than the market" is given. In 23 years, the company launched the construction and layout of all categories of flagship stores, and will fully promote the construction in 24 years, actively use new retail models to empower terminal flagship stores, accelerate the all-round construction of channel service systems, and provide consumers with more convenience and peace of mind. Buying and using experience. And seize the rise of e-commerce in Southeast Asia and actively deploy emerging e-commerce platforms.
