歐舒丹(00973.HK)逆挫7.6%失百天線 第三財季經營溢利率遜預期
歐舒丹(00973.HK)第三財季經營溢利率不及預期,該股扭轉昨天逆市微彈勢,今天一舉跌破百天線、50天、20天及10天線(17.53-18.86元),最低見17.4元,現造17.48元,逆挫7.6%,一向薄弱成交急增至154萬股,創近兩個月高,涉資2,822萬元
歐舒丹昨天收市後公布第三財季銷售淨額增至5.79億歐元,按報告匯率及固定匯計算同比分別升18%及15%。期內,按固定匯率計算(下同),L’Occitane en Provence及LimeLife銷售按年分別增長6.3%及11.7%;其他品牌銷售按年跌1.1%。除日本及香港銷售按年分別跌3.5%及1.3%外,其他地區銷售均實現增長,尤其是英國急升98.4%;其次為中國及美國,分別增長32.4%及22.5%。
累計2020財年首三季,歐舒丹銷售淨額達13.06億歐元,按報告及固定匯率計算,同比分別升20.2%及17.3%。
麥格理指出,歐舒丹第三財季經營溢利率受累新品牌表現疲軟不及預期,但核心品牌及去年新併入的ELEMIS業績表現推動利潤率回升,故重申其「跑贏大市」評級,目標價升9.5%至23元。不過,基於第三財季運營數據,該行將公司今明兩財年淨利潤預測下調4.4%及2.6%。
花旗指,雖然歐舒丹主要品牌第三財季銷售額增長仍然穩健,但新品牌Limelife及Elemis表現喜憂參半,加上公司給出新經營利潤率目標遜預期,短期拖累股價,故下調目標價3.8%至20.4元,評級下調至「中性」。(sz/t)~
阿思達克財經新聞
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