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《大行報告》中金上調安踏(02020.HK)目標價至122.42元 評級「跑贏行業」
阿思達克 08-24 15:13
中金發表報告指,安踏體育(02020.HK)上半年收入按年升14%至260億元人民幣(下同),純利按年跌6.6%至36億元,好過該行預期,因公司良好的費用控制部分抵銷疫情帶來的負面影響。 報告指,7至8月集團整體流水實現雙位數增長,8月較 7月增速按月加速。管理層指引下半年安踏品牌收入增長20%,FILA 增長雙位數以上,其他品牌保持30%以上的快速增長。 中金指,考慮到6月以來恢復較好的零售環境以及Amer的正向利潤貢獻,上調對安踏今明兩年每股盈利預測分別7%和3%,至分別3.12和4.08元,維持「跑贏行業」評級。估值切換至2023年,上調目標價15%至122.42港元,對應26倍2023年市盈率預測。
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