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野村升安踏(2020.HK)目标价至56.5港元维持“中性”评级
格隆汇 08-07 14:53

野村发表报告指,尽管安踏(2020.HK)早前发盈警,但该行预期受高基数及开店步行减慢所影响,公司旗下品牌FILA下半年的增长或较温和,又指出公司现时估值高,在销售增长势头减慢的环境下未必有保证,维持“中性”的投资评级,但升目标价至56.5港元。

野村预料,FILA下半年的销售增长将较为保守,估计销售增长将由上半年的60-65%,放缓至下半年的15-20%。该行预期,安踏于今年4月完成收购Amer,但受交易成本等因素影响,Amer今年可以为带来的盈利贡献或较少。

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