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中金:升歐舒丹(0973.HK)目標價至24港元 評級“跑贏行業”
格隆匯 11-26 15:59

中金髮表研究報告指,歐舒丹(0973.HK)上半年業績超預期,主要受益於Elemis放量帶動銷貨渠道向更高利潤率的躉售模式轉變,預計公司經營利潤率將在2020和2021財年持續提升,分別上調其20202021年盈利預測11.2%和4.1%。該行將其目標價上調9%至24港元,維持“跑贏行業”評級。

另外,麥格理亦將歐舒丹評級由“中性”上調至“跑贏大市”,目標價21港元。

歐舒丹昨天公佈截至今年9月底上半年業績,溢利為2499.2萬歐元,按年飆升2.67倍;每股基本盈利0.017歐元,不派息。期內,銷售額為7.27億歐元,按報匯率計算增長22.1%,若按固定匯率計算則增長19%。經營利潤率佔銷售淨額增長4.7個百分點,主要由於於Elemis、銷售增長改善及控制開支,以及貨幣兑換的有利影響所致

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