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《大行報告》摩通降安踏(02020.HK)評級至「減持」 目標價下調至100元
阿思達克 10-19 15:23
摩通發表研究報告指,安踏體育(02020.HK)旗下Fila第三季表現遜預期,同時亦調低全年指引,該行因此將公司評級由「中性」降至「減持」,目標價由131元降至100元。 該行指,公司旗下Fila有三大負面因素,包括零售銷售增5%,遜預期;管理層降Fila全年零售銷售預期至20-25%;而在2022年後,管理層預期Fila會有雙位數增長(相對市場預期增長達30%)。 因應Fila增長遜較慢和經營開支增加,摩通進一步下調安踏盈測7-11%,現時該行對安踏2021至23年每股盈利預測較其他券商預期低11-18%,預期市場亦會在未來6-12個月下調預期。
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