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《大行报告》野村上调申洲国际(02313.HK)目标价至196.2元 评级「买入」
阿思达克 04-28 09:55
野村发表报告指,新疆棉花事件和疫情发展对申洲国际(02313.HK)的营运影响不大,加上在内地稳定产能和积极的海外产能扩张,市场份额有可能提升,目标价由173.7元上调至196.2元,相当於预测2022财年市盈率32倍,评级维持「买入」。

野村指,虽然近期国际运动服装品牌在中国的销售疲软,但销售压力已逐渐缓解,国际品牌客户的订单投放没有明显变化的迹象。目前国内品牌在2020财年只占总销售额的6.5%,如果内地消费者的需求持续转向内地体育品牌,相信申洲国际亦可以灵活分配产能,预计今年内地体育品牌订单按年增长约20%,申洲整体产能在2021财年料增加15%,包括产能增加10%,效率提高5%。

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