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《大行報告》中金:李寧(02331.HK)4月以來銷售持續好轉 看好今年復甦
阿思達克 04-21 14:44
中金發表報告指,李寧(02331.HK)首季李寧品牌(不含李寧YOUNG)全平台零售流水按年增長中單位數,同店銷售按年下滑高單位數,符合預期。 中金指,看好李寧今年的持續復甦。雖然去年疫情及去年首季的高基數給公司流水和收入增長帶來一定壓力,但隨著零售環境持續好轉和基數回落,公司3月以來流水增長逐步提速,3至4月直營或批發流水增長及折扣表現好於公司預期。同時良好的銷售表現提振經銷商拿貨信心。2023財年第四季訂貨會於3 月底舉 辦,看好公司2023 年的持續復甦。 中金指,考慮李寧四月銷售恢復時間較短,暫維持今明兩年每股盈利預測1.83和2.22元人民幣不變,當前股價對應2023和2024年市盈率 各26和21倍,維持對李寧「跑贏行業」評級和目標價72.62元不變。
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