Citi reiterates that it will buy 50 US dollars for its rating target

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Beijing time September 5 Evening News, Citigroup released its investment report today, reiterated that only nyse:vips stock (the "buy" rating, the target price set to 50 U.S. dollars.

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

The only product will not be Dangdang and Jingdong shopping malls and other new "flash" competitors as a bigger threat, because these two platforms are more to provide user traffic rather than retail services.

At the same time, China's discount retail market is still in the initial stage of integration, in view of the only goods will be in the market position, we believe that only goods will benefit from the trend.

Only product management believes that a large number of inventory clothing processing capacity will ensure that only products in the negotiations with manufacturers have the right to choose.

Only products will have a team of more than 300 buyers, team members by the fashion magazine editors and regional brand managers, and so on, they have a wealth of experience in determining the best-selling goods.

Only product will currently be able to sell the manufacturer about 50% of the inventory, the remaining goods can be returned to the manufacturer. With more well-known brands to join, the only product will be the future actual sales rate will also improve.

We reiterate that the only stock "buy" rating, the target share price of 50 U.S. dollars.