《大行報告》富瑞降裕元(00551.HK)評級至「持有」 目標價下調至11.2元
富瑞發表報告指,據該行最新的調查顯示,裕元(00551.HK)今年冬季的訂單急劇轉向緊急訂單,影響廠商預測財務前景和安排生產的能力。更重要的是,訂單組合變化很可能暗示採購客戶對宏觀前景的不確定性正在增加。在裕元的客戶中,Adidas今年冬季採購計劃顯示出最大的不確定性。
該行指,考慮到裕元的規模,可能無法完全不受宏觀風險影響,因此削減了銷售預測,並將該股評級由「買入」下調至「持有」,目標價由12.8元降至11.2元。
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