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《大行報告》野村上調安踏(02020.HK)目標價至180.2元 評級「買入」
阿思達克 04-15 10:01
野村發表研究報告指安踏(02020.HK)核心品牌零售銷售於首季錄40%至45%按年增長,Fila錄75%至80%增長,其他品牌增長115%至120%,相信疫情的因素影響已完成,管理層指新彊棉花事件對公司有利,帶動第二季銷售勢頭超預期,該行調升今年銷售預期3.6%,預期增長率38.9%。

該行指,因應新彊棉花事件,國際品牌在內地提供折扣以賺回顧客,而在安踏而言,提供的折扣已回復至疫情前水平,核心安踏品牌為27%,Fila為22%,庫存亦見改善。該行調升2021至23年毛利率預期0.2至0.3個百分點,重申「買入」評級,目標價由145.2元升至180.2元。

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