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《大行報告》野村料安踏(02020.HK)中長期將進一步擴大市場份額 評級「買入」
阿思達克 06-09 10:44
野村發表研究報告指,安踏(02020.HK)管理層近日透露見到各地店舖重新開業,推動業務改善的跡象,預期中長期憑著多品牌策略,安踏的市場份額將進一步擴大,有助於公司渡過行業放緩。 該行指出,次季行業充滿挑戰,但安踏仍在推進核心品牌的產品結構升級,針對消費者的高端產品沒有降價跡象,銷情令人滿意,維持對其「買入」評級及目標價141.5元,對應今年預測市盈率約37倍。 野村表示,管理層堅持現有發展戰略,相信未來五年的複合年增長率將達到18%至25%,預期未來安踏品牌的經營利潤率可恢復到20%以上水平。
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