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.
《大行報告》大摩:對內地體育用品股基本面正面 籲增持安踏、李寧及滔搏
阿思達克 02-01 14:17
摩根士丹利發表報告指,由於過去兩年內地體育用品股市盈率擴張,加上近期市場情況不穩定,該行接觸的投資者似乎更傾向在相關股份上獲利。不過,該行對內地體育用品行業的基本面和相對估值更為樂觀,認為在波動過後該行予「增持」的股份會有跑贏表現。

大摩表示,安踏(02020.HK)股價在2019年上升86%,去年上升76%,預測市盈率由18倍升至36倍;李寧(02331.HK)股價在2019年更升178%,去年亦升128%,預測市盈率由19倍升至51倍,認為在經過2019年及去年的強勁股價表現後,預期安踏及李寧今年的回報降低亦屬合理,但該行有信心若其他消費行業龍頭的整體估值框架仍大致完好,體育用品股股價可達到其目標價。

行業中,大摩對安踏、李寧及滔搏(06110.HK)股份評級為「增持」,目標價分別161元、64元及15.3元。該行提到,假如只看非常短期的動態,若市場波動持續,安踏及滔搏股價料會相對穩定。

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