《大行報告》麥格理升李寧(02331.HK)評級至「跑贏大市」目標價上調至25.8元
麥格理發表報告指,看到李寧(02331.HK)有更為正面的前景,因管理層預期未來兩年的經營毛利率可繼續擴張,而且集團目前的財務狀況及管理理念亦表明,集團已更加注重效率和紀律,相信可助集團進入另一階段的增長。
該行上調對李寧的股份評級,由「中性」升至「跑贏大市」,目標價由18.1元升至25.8元。基於上半年業績表現,今明兩年盈利預測亦分別上調7.5%及18.8%。由於成本控制具紀律,麥格理相信李寧管理層爭取未來三年的經營毛利率每年擴張200基點是有望達成。
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