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》瑞银上调李宁(02331.HK)目标价至59元 评级「买入」
阿思达克 03-22 10:46
瑞银发表的研究报告指,李宁(02331.HK)去年收入及净利分别按年升4%及13%,意味去年下半年增长分别达9%及44%,虽然去年下半年收入轻微低於该行预测,不过期内净利则较预期高8%,主要受惠成本管控见效,将公司目标价由58.4元升至59元,评级「买入」,对其利润扩张势头有信心。

该行引述管理层指今年以来零售销售强劲,按年增长达70%。而去年中国李宁收入及零售销售分别升低单位数及高单位数,而管理层估计今年相关增长将提升。此外,管理层指受惠供应链改善,初始加价有机会进一步提升,并带动毛利率扩张等。

展望2021年管理层指引收入将按年增长25%左右水平,而毛利率则有望按年扩120-130个基点,意味净利润率将扩张100个基点,并重申中期净利润率目标为15%左右水平。

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