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瑞銀:李寧(2331.HK)基本面穩健 維持買入評級
格隆匯 03-10 16:16

瑞銀報吿研究報吿指,李寧(2331.HK)較早前遭挪威政府養老基金剔出基金投資,相信基金於2021年期間已逐步沽出李寧股份,持股量已由2020年底約1.2%下降至去年底的0.59%。瑞銀維持李寧目標價112.8港元及“買入”評級不變。

瑞銀指,市場對挪威政府養老基金減持,反應負面,主要擔心會否有更多基金跟隨挪威銀行的做法,並將設定為新的共識、關注公司將如何迴應以緩解問題等。

瑞銀相信,李寧將就此作出官方迴應,料可挽回投資者信心。瑞銀又認為,李寧的基本面穩健,調查顯示今年首兩個月其零售銷售按年增強勁。瑞銀對李寧在品牌及利潤擴張方面的往績保持信心,相信在今年高競爭下,做好庫存控制有助降低風險。

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