《大行報告》摩通:安踏(02020.HK)短期內收購Reebok機會低
摩根大通發表研究報告表示,根據外電消息,Adidas已經開始了出售Reebok計劃,目標2021年3月前完成交易,安踏(02020.HK)及持有Timberland及The North Face等品牌VF Corp均有機會成為潛在買家。
但該行表示,Reebok銷售及利潤表現一直低迷,認為安踏自2019年收購Amer Sports以來,已擁有超過10個完整的品牌組合,業務範圍覆蓋性能、時尚和戶外,定位亦涵蓋大眾到高端,相信安踏將選擇專注於發展現有品牌,而非在短期內再作新收購。
摩通表示,Amer Sports的主要品牌在中國具有巨大增長潛力,維持安踏的「增持」評級,目標價100元。
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