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花旗:對中國運動服裝行業更加謹慎 偏好李寧(2331.HK)、滔搏(6110.HK)

花旗發表研究報吿指,中國零售業或於9月下旬和10月上旬的假期面對較預期中嚴重的阻礙,由於新冠肺炎疫情在福建暴發,更多地方政府建議居民減少户外活動。 

花旗因此對中國運動服裝行業更加謹慎,因為零售商可能會在第四季度加大折扣力度以減少庫存。該行表示,偏好李寧(2331.HK)、滔搏(6110.HK)而非安踏(2020.HK),認為Fila業務的銷售放緩和營運資金亦見受壓。 

但預計對快速消費品類別的影響有限,並指在今年下半年更看好日常必需品,而不是非必需消費品,而蒙牛乳業(2319.HK)、華潤啤酒(0291.HK)仍是日常必需品類別中的首選。

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