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大和:升歐舒丹(0973.HK)目標價至23港元 評級“買入”
格隆匯 01-22 17:29

大和總研發表研究報告,將歐舒丹(0973.HK)2020財年的收入和每股盈利預測分別下調1%和4%,但指第3季度仍保持穩健的增長,將其目標價由21.5港元上調近7%至23港元,維持“買入”評級。

歐舒丹2020財年第3季度淨銷售額按年增長17.9%至5.79億歐元。按地區來看,公司日本和中國香港之外的所有主要市場均取得固定匯率計算的銷售增長,當中,中國內地受惠於成功的“雙十一”增長了32.4%;英國及美國分別增長98.4%及22.5%,主要由艾麗美(ELIMIS)品牌銷售帶動。

管理層預計,由於主要客户One Spa World的訂單已恢復,2020財年第四季度的銷售額將加速增長,佔Elemis全球銷售額的18%。香港方面,公司正與店鋪業主商討租金調整方案,如果不能大量減租,並不排除關閉商店的可能性。

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