《大行報告》瑞信:內地體育用品股首選安踏(02020.HK)及李寧(02331.HK) 升目標價
瑞信發表報告指,今年4月及5月為內地體育用品股過去兩年最黑暗的時間,門店關閉及人流減少達雙位數。而積壓需求遇上供應鏈正常化,加上「618」推廣,令行業在短暫下行後有新開始的訊號。
該行表示,自上海解除封鎖後,6月數據強勁及近期的政策放鬆推動消費者及市場情緒。在基礎情境下估計再無主要封城,相信體育用品行業基本面在今年下半年會從低基數中逐步改善。
瑞信認為,市場更為著重行業的轉向和盈利彈性,自封城以來,安踏(02020.HK)遭受到的打擊最大,且表現跑輸,因此在情緒回升下或會跑贏同業。
該行調整體育用品行業覆蓋股份的目標價(另見表)及盈利預測。最新首選安踏及李寧(02331.HK),兩股評級均為「跑贏大市」,安踏目標價由111元上調至120元,李寧目標價由83元升至90元。其他選股順序為特步(01368.HK)、申洲國際(02313.HK)及滔搏(06110.HK)。
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.