You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》美銀證券下調安踏(02020.HK)目標價至98元 評級「買入」
阿思達克 10-18 14:17
美銀證券發表研究報告指,安踏體育(02020.HK)第三季業務大致符合預期。由於9月在新冠病例增加,集團業務錄得顯著放緩,下調對其2022及23年預測分別5%及8%,以反映對客流量的更保守預測和更積極的折扣以清理庫存,又將目標價由120元下調至98元,重申「買入」評級。 該行表示,市場已留意到因近期宏觀環境疲弱和行業去庫存壓力帶來的不利因素。內地運動服裝行業在運動參與率上升的支撐下,有望繼續享受結構性增長。該行繼續看好安踏的多品牌營運能力和更高直接面向消費者的曝光率。 美銀提到,預計特步9月的疲弱銷售將持續到10月的黃金周假期。而遜於預期的假期旅遊數據、溫暖的天氣和疲弱的消費需求可能是主要拖累因素。集團目前仍以2022年底完成渠道庫存改善為目標,又計劃在即將到來的「雙11」購物假期期間提供更多折扣以刺激零售銷售。
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.
uSMART
Wealth Growth Made Easy
Open Account