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瑞銀:給予JS環球生活(1691.HK)買入評級,目標價13.1港元
格隆匯8月31日丨瑞銀8月30日發佈研報,給予JS環球生活(1691.HK)買入評級,目標價13.1港元,相較於8月30日收盤價8.88港元有47.52%的潛在升幅。瑞銀參加了JS環球生活的業績電話會後指出:“鑑於美國和歐洲的宏觀不確定性,管理層下調了2022年的業績預期,我們認為新的指引在很大程度上與市場預期一致,甚至略高於市場預期。”管理層表示,最近美國市場需求強勁。在最近的亞馬遜Prime日,SharkNinja的銷售額實現了兩位數的增長。下半年SharkNinja將推出更多新產品(如電吹風、造型器、户外燒烤和乾濕機)和增加廣吿投資。儘管面臨宏觀不利因素,管理層仍對歐洲的潛力保持樂觀,增加對管理團隊和新產品的投資。考慮到德國和法國小家電市場的整體規模,管理層認為SharkNinja在德國和法國可以產生與英國類似的收入規模,並支持更多的當地員工和與當地分銷商的合作。儘管存在諸多不利因素,但SharkNinja上半年基本持平的收入表現仍超過了大多數本地同行。
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