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《大行报告》汇丰研究下调新秀丽(01910.HK)目标价至23元 评级「买入」
阿思达克 09-10 14:23

汇丰研究发表报告指,新秀丽(01910.HK)股价持续疲弱,现价接近该公司於2011年6月上市招股价14.5元。该行相信,除因贸易关税的不确定性已经严重影响了股价外,目前香港市场对集团来说是双重打击。

该行补充,美国目前的情况(旅游业放缓、贸易紧张等)可能较集团所表明的影响更大,而美国市场为新秀丽最大的市场,占去年整体收入达39%,公司亦计划逐步降低中国采购的比例,或可部分抵销关税带来的负面影响。

汇丰研究认为,在较低基数下,预期今年下半年销售及毛利率会有正面表现,不过相信因贸易战而带来的宏观不明朗因素及香港目前环境将令新秀丽股价受压。该行将其目标价由28元下调至23元,以反映业务风险因素,惟估值吸引而维持「买入」评级。

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