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《大行報告》匯豐研究上調李寧(02331.HK)目標價至95.7元 評級「買入」
阿思達克 06-21 10:24
匯豐研究發表報告指,李寧(02331.HK)在今年度首季零售銷售增86%,相信是因當紅藝人肖戰任代言人、新強棉事件,以及中國李寧品牌強勁增長所致,而動力持續至第二季,預期第二季銷售較2019年增長68%(今年首季較2019年首季增55%),而第三及第四季按年增長預測亦由17%及15%,上調至23%及21%。

因應銷售率增長,該行將李寧今年收入增長預測由44%調升至55%,盈利預期上調23%,以反映店鋪折扣改善。至於明年,收入增長預測維持在18%,2021至23年收入年複合增長率由19%上調至21%,純利年複合增長率32.9%(原本31.8%)。相信公司可有一輪重估,目標價由71.6元升至95.7元,評級維持「買入」。

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