郭家耀: 觀望業績港股料考驗25,800 李寧(02331.HK)展望續樂觀
正榮金融業務部副總裁郭家耀稱,美股周一(16日)個別發展,大市早段受美國聯儲局官員表示明年有機會啟動縮減買債計劃影響,道指一度回吐接近300點,其後大市逐步收復失地,道指及標普500指數收市倒升,並創出歷史新高。科技股偏軟,納指收市向下但跌幅顯著收窄。美元溫和向好,美國十年期債息回落至1.26厘水平,金價走勢反彈,油價則顯著下滑。港股預託證券普遍向下,預料大市早段跟隨低開。內地股市反覆靠穩,滬綜指高開低走,收市上升一點,滬深兩市成交額繼續過萬億元人民幣(下同)水平。
港股表現受壓,內地經濟數據遜預期,加上監管消息繼續困擾大市,指數失守多條移動平均線水平,成交繼續清淡。投資者觀望企業中期業績表現,市場氣氛亦繼續受監管消息影響,預料指數將考驗25,800點支持,上方阻力在26,800點水平。
另李寧(02331.HK)日前公布中期業績,期內李寧收入上升65%至102億元,按產品種類劃分,鞋類收入增長57.1%,服裝收入增長72.1%,器材及配件亦升71.8%。李寧上半年毛利達57億元,上升86.4%,毛利率亦上升6.4個百分點至55.9%,主要因為毛利率較高的直營及電商渠道收入佔比有所上升。李寧中期盈利上升187%至19.6億元,淨利率由11.1%提高至19.2%。整體零售流水錄得90%至100%低段增長,渠道庫存錄得中單位數下降,新品線下零售流水加速錄得90%至100%中段增長。終端零售折扣改善,錄得高單位數個百分點。截至6月底,李寧銷售點數量共計5,704個,較上一季末淨減80個,今年來淨減208個。李寧YOUNG銷售點數量共計1,041個,較上一季末淨增26個,今年來淨增20個。整體業績表現強勁,未來業務展望繼續樂觀。
(筆者為證監會持牌人,沒持有上述股份)~
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