麦格理升李宁(2331.HK)评级至“跑赢大市”目标价上调至25.8港元
麦格理发表报告指,看到李宁(02331.HK)有更为正面的前景,因管理层预期未来两年的经营毛利率可继续扩张,而且集团目前的财务状况及管理理念亦表明,集团已更加注重效率和纪律,相信可助集团进入另一阶段的增长。

该行上调对李宁的股份评级,由“中性”升至“跑赢大市”,目标价由18.1港元升至25.8港元。基于上半年业绩表现,今明两年盈利预测亦分别上调7.5%及18.8%。由于成本控制具纪律,麦格理相信李宁管理层争取未来三年的经营毛利率每年扩张200基点是有望达成。
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