《大行报告》美银美林升安踏(02020.HK)目标价至67元中期纯利胜预期
美银美林发表报告表示,安踏体育(02020.HK)预料今年上半年经营溢利及纯利分别将升逾50%及25%,远高於该行预期,因此上调该对安踏体育於2019至2021年度每股盈利预测4%至7%,分别至2.06、2.72及3.31元人民币。
该行表示,上调对安踏体育目标价10%,由原来61元升至67港元,此相当综合今明两年平均市盈率22倍,重申该股「买入」评级。
美银美林指出,目前安踏体育对应2019及2020年预测市盈率为22倍,低於国际运动用品同业约30倍的水平,因此相信现价尚未反映该公司多个利好因素,其中包括近期业务强劲增长势头及新收购等。该行维持对中国体育用品行业以及安踏未来数年业务前景正面的看法,并相信公司下半年收入增长持续巩固。
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