Goldman Sachs to hold us buy rating to 31 USD

Source: Internet
Author: User
Keywords Poly-Mei Goldman Sachs target price dropped to
Tags business buy rating market released stock view
Summary: View the latest quotes Beijing time October 28 Evening News, Goldman Sachs today released a study to maintain the Nyse:jmei stock-buying rating, the target price from 42 U.S. dollars to 31 dollars. The following is a summary of the contents of the report: Poly beauty products are pushing to see the latest market

Beijing time October 28 Evening News, Goldman Sachs today released a study to maintain the "buy" rating of the Nyse:jmei stock, the target price from 42 U.S. dollars to 31 dollars.

The following is a summary of the contents of the report:

Poly-Mei excellent products are promoting its "poly-American overseas purchase" as its future business, designed to replace its market platform business. Poly-US overseas purchase will be the first batch of products to domestic warehouses, and then sent to the buyer by piece. The service allows users to purchase reliable overseas products at a competitive price.

In the short term, the decline in gross profit margins will affect the diluted earnings per share. But in the long run, this helps to strengthen the leading position in the market, thereby enhancing the user's viscosity.

To reflect the sluggish GMV (total turnover) and the uncertainty of the new business, we have adjusted the aggregate price/earnings ratio from 35 times to 30 times times.

Valuation: We continue to maintain the "buy" rating of the poly-US stock market, which will reduce the target share price from 42 US dollars to $31. (Li Ming)


Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.