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《大行報告》麥格理下調歐舒丹(00973.HK)目標價至31.4元 評級「跑贏大市」
阿思達克 02-01 10:49
麥格理髮表研究報告指,按報告匯率計,歐舒丹(00973.HK)截至去年12月31日止第三財季收入增長8%,按固定匯率計則增長4.5%,同店銷售下降6.5%。 收入增長從第二財季的24.9%明顯回落下降,管理層亦因此將全年收入固定匯率增長指引從15%至16%,下調到11%至13%。麥格理相應亦將2023至2024財年淨利潤預測下調10.5%及8.2%,以反映增長指引的下調,目標價由34.6元降至31.4元。 麥格理認爲,ELEMIS品牌長期前景仍然向好,Sol de Janeiro勢頭亦強勁,對公司中長期前景維持不變,指出確診個案回升令中國市場銷售表現低迷,但隨着中國度過感染高峯期,歐舒丹本月於海南及澳門市場均出現大幅復甦,令人鼓舞,重申「跑贏大市」評級。
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