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:上調新秀麗(1910.HK)評級至“中性” 削目標價至6港元
格隆匯 03-20 15:36

野村發表研究報告指,新秀麗(1910.HK)股價年初至今累計下跌69%,認為市場過份悲觀,將其評級上調至“中性”,但受到新型肺炎疫情影響,將新秀麗今年及明年的純利預測分別下調87%及23%,目標價亦隨之下調62.5%,由16港元降至6港元。

報告指出,新秀麗去年業績大致符合預期,而今年首兩個月,公司銷售淨額按年下跌11.2%,當中亞洲區最為受挫,中國地區按年跌33.7%,香港區更跌57.7%,管理層預測,今年首季銷售額按年跌幅介乎25%至30%。又指在疫情持續全球爆發下,各國實施出行限制,預期銷售額於今年內明顯回升機會不大。

盈利方面,野村基本預測新秀麗今年3-8月的銷售會下跌40%,令全年銷售及經調整純利分別下跌22.5%及86.4%,而最悲觀的預測則是3-8月銷售大跌50%,令全年及經調整純利分別減少27.5%及112.3%。同時,由於公司可能減價清貨,部分抵銷了轉移生產基地至中國以外地區之效益,新秀麗毛利率或會受壓。而削減成本的措施如減少廣告推廣、擱置開新店、減少資本開支及減少派息,或有助公司遵守債約。

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