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《大行報告》瑞銀上調滔搏(06110.HK)目標價至15.63元 評級「買入」
阿思達克 05-28 09:40
瑞銀發表研究報告指,與滔搏(06110.HK)管理層洽談後,認為目前銷售情況已自新疆棉花事件中恢復,4月份銷售表現已達到2019年同期相若水平,在折扣幅度正常化下毛利率得以改善。該行指出,營銷開支控制得宜下,預期利潤的增幅將超越收入。

瑞銀指,滔搏庫存維持健康水平,通過與品牌O2O共享存貨,未來未見再減少庫存的需要。

管理層仍維持對2022財年的盈利增長目標,並計劃在上海建設新設計中心,預期未來大中華區業務將獨立於亞太區市場。瑞銀將目標價由15.18元輕微上調至15.63元,維持「買入」評級。

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