You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
野村:上調歐舒丹(0973.HK)目標價19.7%至21.9港元 評級“買入”
格隆匯 11-26 15:51

野村發表研究報告指出,歐舒丹(0973.HK)銷售額及營業利潤率獲旗下Elemis推動,野村已調升歐舒丹2020-2022財年的盈利預測11-12%,以反映較佳的營業額及利潤率增長,而2020年度的營業利潤率預測由按年擴闊1.7個百分點調升至3.3個百分點,目標價亦上調19.7%,由18.3港元升至21.9港元,維持“買入”評級。

報告説,Elemis已發展成歐舒丹第二大品牌,佔公司中期收入約12%,管理層計劃將其引入新市場,Elemis現已在天貓上架,預計2020年中,可以正式進軍中國市場。

野村報告指出,以固定匯率計算,歐舒丹2020財年的中期收入按年上升19%,純利更升352%,主要因為營業利率擴闊,所有品牌第二季度的營業額增長,均較首季加快,核心歐舒丹品牌按年營收升5.7%,主要受惠於由內地及法國市場。上半年度,Elemis的銷售額亦按年增加25%。第二季Limelife亦回覆5.2%的正增長。管理層指,營業額動力於今年10-11月間保持強勁。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account