Technology, Financials May 28, 2021 12:14 PM (GMT+8) · EqualOcean
UBS released a research report to maintain its "buy" rating of taobo, with its target price slightly rising from HK $15.18 to HK $15.63. According to the report, after negotiation with the management, the bank believes that the company's current sales situation has recovered, the sales performance in April has reached the same period in 2019, and the gross profit margin has been improved under the normalization of discount range. The bank pointed out that the company's marketing expenses were properly controlled and the growth of profit was expected to exceed revenue; Its inventory maintains a healthy level. By sharing inventory with brand o2o, there is no need to reduce inventory in the future.

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