《大行報告》大和升申洲(02313.HK)評級至「買入」 目標價下調至85元
大和發表報告指,申洲國際(02313.HK)第四季業績可能見底,季內已經歷去庫存壓力的最嚴重階段。該行降申洲明後兩年盈測介乎1%至8%,以反映毛利率恢復較慢,目標價由88元下調至85元。
報告預計,申洲第三季的收入應在去年低基數下,錄得10%至13%(low-teens)的按年增長。而鑒於高基數和體育用品客戶的去庫存壓力,第四季收入可能出現大幅按年下降。但隨著中國逐漸重新開放,美國通脹見頂,以及Nike和Adidas的去庫存時間表更加清晰,認為目前是積累該股的好時機,因此評級由「跑贏大市」上調至「買入」。
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.