You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行报告》瑞银上调安踏(02020.HK)目标价至156.2元 评级「买入」
阿思达克 02-01 10:05
瑞银及表的研究报告指,今年以来安踏体育(02020.HK)股价表现强劲,维持「买入」评级,目标价升至156.2元(原本127.72元)。该行认为安踏受惠中国冬季运动市场长期潜在增长,带动公司户外品牌组合未来将成功;「北水」在中国运动用品股中亦较喜爱安踏,估计会吸引额外资金流入;另外,向消费者直销的计划长远亦会为公司带来利益,Amer品牌最差的情况亦已过去。估计公司30周年,加上新品推出,及2020年冬奥等均是股价催化剂。

该行相信安踏的户外品牌可受惠内地发展中的滑雪市场,另外亦受中国政策及2022年北京冬奥支持,由於渗透率仅1%,低於日本、南韩及俄罗斯,料中国滑雪潮仍处於潜在高增长阶段,估计到2025年户外品牌盈利贡献将由2020年的-10%增至正高单位数。

瑞银认为「北水」持股比例由2017年的5%增至近期的25%,是该行覆盖的内地体育用品股中最高,相信在岸投资者喜欢安踏的可持续增长及多品牌策略等,该行的团队估计随着内地居民资产更多配置在股市,料将带动「北水」流入。(el/u) ~

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account