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《大行報告》花旗升裕元(00551.HK)評級至「買入」 目標價上調至17元
阿思達克 04-20 11:59
花旗發表研究報告,升裕元(00551.HK)評級,由「沽售」升至「買入」,因其股價由今年1月中高位24.3元,至今已下跌46%,相信已計入上半年盈利下跌的折讓,而公司下半年盈利預期會有改善,因歐美正計劃解除限居家令的限制,時間上較預期早。此前,該行預期第二和第三季會是製造業最壞情況,但現時相信只有第二季,目標價由10.8元上調至17元。

該行指,公司將於5月11日前公布4月份銷售數字,相信會有改善的表現,因零售市場於3月底重開,公司內地銷售點已經重開99%,而大部份店舖都錄好的表現。

迅銷是少數提供年度指引的服裝製造商。相比之下,裕元大部分客戶如Nike、Adidas及Puma等已因疫情撤回相關指引。迅銷的指引是基於中國、日本、美國和歐洲的店舖在8月底前重開,花旗認為指引值得其他運動品牌參考。

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