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《大行報告》大和下調寶尊電商-SW(09991.HK)目標價至38元 評級「持有」
大和發表報告指,寶尊電商-SW(09991.HK)今年第三季業績符合預期,但相信今年第四季及明年首季對集團會更具挑戰性。雖然其新渠道的成交總額(GMV)有穩健增長,但除非宏觀環境及運動服飾銷售於明年下半年有改善,否則預期集團明年的收入增長難有明顯的加快。 該行又預料,市場對寶尊電商明年的盈利及收入預測有下調可能,主因相信市場的預期需要重設。不過,由於其股價在過去三個月已回調30%,大和相信已反映部分負面因素,認爲集團的估值合理。 大和下調寶尊電商股份目標價,由47元降至38元,評級維持「持有」,並調低集團明年每股盈利預測19%,以反映收入下降及履約費用增加。
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