大和:上調特步國際(1368.HK)每股盈測 重申買入評級
大和發表研究報吿指,特步國際(1368.HK)發盈喜,料2021年純利按年增長逾7成,而第四季度核心特步品牌零售銷售按年增長20至25%,另外,其渠道及產品升格將帶動均價及商店生產力。該行上調其2021至23年每股盈測1至9%,並重申其“買入”評級及目標價16.8港元。
大和表示,公司今年首兩季的預約訂單按年增逾30%,而第三季的訂單亦有穩健增長。對於管理層對今年的指引,特步核心品牌將按年增長逾25%,料受惠於銷量增長和均價增長5至10%,索康尼/邁樂合資企業按年增長逾50%;及蓋世威和帕拉丁按年增逾30%。
報吿又指,特步於去年底聘請了新的核心特步品牌總裁,以實現管理層5年23%的收入複合年增長率目標。而集團的渠道升級或包括利用與零售業主建立牢固關係的領先運動服裝零售商來開發更高線城市的購物中心。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.