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《大行報告》傑富瑞:李寧(02331.HK)中期純利高預期19% 受惠毛利率表現
阿思達克 08-14 10:07
傑富瑞發表報告表示,李寧(02331.HK)於今早開市前公布今年中期業績,期內純利高出該行原預期19%,主要受惠於毛利率表現、第二季電商業務符預期及存貨渠道精簡。

該行指,李寧中期純利高出該行原預期19%,受惠於強勁毛利及成本控制;公司在上半年以保守方式為庫存撥備。

傑富瑞指,李寧今年第二季實體銷售按年錄低雙位數(low-teens)下降,對比該行原料按年跌5至10%,但公司第二季電商業務按年上升逾兩成水平,符合該行原預期升30%。該行予李寧「買入」投資評級及目標價31.5元。(wl/u)

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