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郭家耀: 監管消息消化港股料上試26,500 特步(01368.HK)受惠業務協同
阿思達克 09-02 09:38
獨立股評人郭家耀稱,美股周三(1日)個別發展,美國8月份私人職位增長遜預期,道指表現偏軟,科技股走勢向上,標普500指數及納指收市上升。美元走勢偏軟,美國十年期債息維持於1.30厘水平,油價低位企穩,金價反覆收低。港股預託證券普遍向上,預料大市早段跟隨高開。內地股市造好,滬綜指低開高走,收市上升0.6%,滬深兩市成交額進一步增加。 港股連日向好,指數昨日早段輕微調整後,在新經濟股帶動下止跌回升,並重上26,000點水平,大市成交保持活躍。港股氣氛轉佳,新經濟股表現強勁,市場對監管消息逐步消化,有利大市進一步反彈,指數有望上試26,500點水平,下方支持上移至25,500點附近。 另特步國際(01368.HK)中期營業額達41.35億元人民幣,按年上升12.4%。當中鞋履收入上升15.5%至26.04億元人民幣,服裝的收入上升8.4%至14.52億元人民幣,而配飾則下跌8.0%至7,920萬元人民幣。盈利上升72%至4.27億元人民幣,派中期息每股11.5港仙,較上年同期增加77%,派息比率維持超過六成。若剔除新品牌業務的虧損,特步核心品牌業務實現56%的按年增長。業績亮點包括,銷售額增長12%,主要由於強勁的補貨訂單,分銷商訂單,以及穩健的電商業務。特步核心品牌業務實現36億元人民幣的銷售額,增長12%,佔總銷售額的87%。 由於品牌價值提升、產品供應穩健以及電商業務強勁增長,特步核心品牌業務零售銷售按年增長40%以上。毛利率及淨利潤率上半年分別達41.8%及10.3%,主要由於產品創新,以及20年上半年的庫存回購導致基數較低。公司收購的新品牌將幫助特步從大眾市場向高端市場擴張,豐富品牌組合通過共享現有供應鏈設施,以及共同開展營銷活動,達致理想協同效應。整體業績表現理想,未來發展前景樂觀,值得繼續持有。 (筆者為證監會持牌人,沒持有上述股份)~
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