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《大行報告》瑞銀升申洲(02313.HK)評級至「買入」 目標價上調至105元
阿思達克 03-31 11:37
瑞銀發表研究報告指,開始看好申洲國際(02313.HK),預計運動服裝在中國的需求增長將支持其銷售增長和預期的利潤率回升,特別是中國產能。該行指,集團的中國主要客戶的庫存問題在今年第一季正在緩解,銷售亦恢復增長趨勢,認為中國消費趨勢的恢復和消費者對增加體育相關支出的偏好,將利好集團的訂單。以現金流貼現率計,該行將目標價由95元上調至105元,評級由「中性」升至「買入」。 該行下調集團今年盈測1.4%,以反映今年上半年較弱的環境及預期下半年將有明顯復甦。不過,該行將2024及25年的盈測上調3%至4%,以考慮到更強勁的銷售和利潤率恢復預期。
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