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《大行報告》瑞信上調JS環球生活(01691.HK)目標價至10.5元 評級「跑贏大市」
阿思達克 08-10 14:34
瑞信發表的研究報告指,JS環球生活(01691.HK)發盈喜,料上半年純利按年增不少於1億美元,遠高於市場預期,期內盈利增長主要由於歐美增長強勁,以及部分產品獲退稅等。該行指出公司美國業務有彈性,認為仍是一大亮點,而受惠在家工作等,清潔及廚具需求仍然有彈性。該行指出九陽(002242.SZ)今年次季應有顯著改善,主要受惠電商強勁,加上線下流量恢復,而OEM業務亦有所向上,料次季淨利將升13.4%。

展望下半年該行料公司將有進一步的復甦,主要受惠產品週期較強,加上有較好的渠道分布及環球擴張加快等,另外亦留意到九陽及SharkNinja方面有協同效應,長遠可整合供應鏈、及分享分銷渠道和研發合作等。

該行將公司2020/21年盈利預測分別升33%及13%,以反映SharkNinja方面表現有彈性,以及繼續受惠在家工作等的因素,將目標價由7.9元升至10.5元,評級維持「跑贏大市」。(el/a) ~

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