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瑞信:予滔搏(6110.HK)目標價9港元 評級“中性”
格隆匯 05-26 12:58

瑞信發表研究報告,稱滔搏(6110.HK)2020財年下半年收入按年跌4.2%至167.33億元人民幣,淨利潤跌14.9%至8.39億元人民幣,均遜預期,給予“中性”評級,目標價9港元。

報告指出,公司全年收入及淨利潤僅增長3.5%及4.7%,整體毛利率輕微擴張至42.1%。

由於公共衞生事件之下店鋪需要關閉,按品牌劃分,主力品牌收入下半年跌1.4%,上半年增10.7%;其他品牌收入下半年跌22.9%,上半年增27.5%。下半年,集團新確認3040萬元人民幣電競收入。按渠道劃分,批發業務收入下半年增35.4%,直接零售業務跌8.5%。店鋪提升及數字化一直持續,總銷售面積增10.6%。

公共衞生事件也促使集團加強商店級小程序及移動支付的應用,以提供更多針對性的服務。

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