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》大摩升裕元(00551.HK)评级至「增持」 上调申洲(02313.HK)目标价至215元
阿思达克 05-26 11:57
摩根士丹利发表研究报告,指据该行AlphaWise调查,运动服趋势将会持续,并超越一般衣着及鞋履市场。该行料有重大及增长中运动服业务敞口的代工生产商(OEM)长期收入增长及毛利趋势有潜在上行空间。

大摩上调裕元国际(00551.HK)目标价由19.5元升至24.5元,此相当综合市盈率15倍及2021年至2023年动态市盈率1倍,评级由「与大市同步」升至「增持」;另升申洲国际(02313.HK)目标价由180元升至215元?此相当预测今年市盈率38倍,维持「增持」评级。

该行认为运动服需求属结构性,部分主要OEM去年疫情下收入仍持平,料今年收入可增长逾20%(如申洲、台湾儒鸿)意味需求维持韧性。该行料有由上至下的板块轮转,推动运动服OEM股份获估值重评。

大摩表示,偏好服装OEM多於鞋履OEM,并指申洲属行业强劲趋势最佳投资替代品;并指裕元在Adidas及Nike运动鞋业务有重大敞口,以及执行及盈利能力逐渐改善。

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