Duo Tan had two consecutive hits yesterday, and today Kong Tan continued to collect rice, continuing her three-game winning streak!
Amidst the many hesitations, you did one thing right, which was to bravely go on the road and not linger in many hypothetical boxes.
Goldman Sachs: Raise the target price of Oriental Select to HK$7.6 with a "sell" rating
Goldman Sachs issued a research report stating that Oriental Selection (01797.HK)'s performance in fiscal year 2024 is mixed, and it remains cautious about the group. In addition, anchor Dong Yuhui, who has gone solo, was temporarily allocated an additional profit of 141 million yuan, which also caused the market to have doubts about the group's corporate governance. The report mentioned that Oriental Selection’s GMV for fiscal year 2024 was 9% lower than Goldman Sachs’ expectations, but its revenue was in line with expectations. Although the group has added 3 to 5 live broadcast accounts on Douyin so far this year, and plans to spend additional expenses to increase traffic, cooperate with New Oriental’s learning center, and allow consumers to become members, the bank believes that these measures It is still not enough to reverse the downward trend in GMV of existing accounts, so GMV in fiscal 2025 is expected to decline by 17% year-on-year. The bank lowered the group's GMV forecast for fiscal years 2025 to 2027 by 8 to 9%, but raised its revenue forecast by 1 to 9%. The target price was raised from HK$7.1 to HK$7.6, maintaining a "sell" rating.