《大行報告》大摩上調安踏(02020.HK)目標價至135元 評級「增持」
摩根士丹利發表報告指,預計安踏體育(02020.HK)去年純利75億元人民幣、淨利潤率達14.2%,料其去年銷售增長7%、盈利則跌3%;而該行預計今年公司純利達100億元人民幣、淨利潤率達15.7%,並料其銷售增長達21%、盈利則達34%增長。
考慮調整盈測、人民幣貶值及上調估值基礎,由今年預測市盈率29倍上調至32倍,以反映今明兩年盈利增長更佳,該行將安踏目標價由133元上調2%至135元,維持其評級為「增持」。
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