《大行報告》大和降九興(01836.HK)目標價至13元 重申「買入」
大和發表報告,指九興(01836.HK)第三季經營數據沒驚喜,收入按年升4.8%至4.61億美元,符該行預期,受惠季內銷售均價按年升4.5%至每對鞋30.2美元,付運量大致按年及按季持平,達1,500萬對。管理層在會議上對實現全年目標維持信心,即使部分客戶態度因宏觀疲弱更趨審慎,目標全年出貨量5,800萬對,意味末季目標付運1,400萬對。報告指,奢侈板塊增長動力持續,但明年可見度有限。
報告降九興2023至2024年盈測各2%,以反映更保守的付運預測,目標價由13.5元降至13元,重申「買入」評級。
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