《大行報告》麥格理下調普拉達(01913.HK)目標價至75元 評級「跑贏大市」
麥格理發表研究報告指出,普拉達(01913.HK)股價波動,主要由於市場對美國經濟衰退及上海「封城」的憂慮,以及預期普拉達難以實現中期目標而估值下跌。但該行認為市場過慮,因公司於全球奢侈品市場具結構性出色表現,預期公司今年上半年收入增長19.4%,息稅前利潤增長78%。
該行認為,歐洲旅遊業復甦強勁,應可抵銷中國部分城市「封城」的影響。而歐洲/美國的固定租金應有助於強大的經營槓桿,將其2022至2023財年的純利預測上調4.7%及3.5%。重申對其「跑贏大市」評級,目標價則由79元降至75元。
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