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《大行報告》里昂微升歐舒丹(00973.HK)目標價至26.3元 等待好轉
阿思達克 02-01 10:38
里昂發表研究報告指,歐舒丹(00973.HK)截至去年12月底止第三財季銷售面臨壓力,以固定匯率計,L’Occitane en Provence及ELEMIS品牌銷售額分別按年跌5.5%及3.4%。 但在新品牌整合的基礎上,集團收入按報告匯率計增長8%,首三季仍達到里昂保守的估計。該行預期第四財季仍將存在壓力,將2023財年增長指引下調,其中預期銷售額按固定匯率計算將增長14%,經營溢利率料達14%以上。 里昂又指,考慮到中國重新開放及新品牌帶動下,預計2024財年表現會好轉,因此雖然下調盈利預測,但依然重申「買入」評級,目標價輕微上調至26.3元。
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