《大行報告》富瑞上調滔搏(06110.HK)目標價至12.3元 評級「買入」
富瑞發表研究報告,預測滔搏(06110.HK)及內地體育用品行業股價表現未來將復甦,指出8月底止中期業績超出預期,穩健的表現主要由於Nike及Adidas在7月至8月進行的大量庫存回購,另外又預期降價促銷及旗下大型門店租金獲都將獲得品牌的補貼。
該行指,Nike在8月底止季度零售額錄得按年增長,而滔搏的系統庫存水平亦在進一步改善,展望未來,預計中國運動服裝行業將可從庫存危機中復甦,預期今年冬季降價幅度將改善,其中Nike折扣幅度預期約達到20%,低於今年夏季的30%降價幅度促銷。
富瑞將滔搏2023至2024財年收入預測下調3.6%及7.3%,每股盈利預測則上調11.1%及1.7%,目標價由11.5元升至12.3元,維持「買入」評級。
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