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《大行報告》大和下調特步(01368.HK)目標價至10.7元 評級「買入」
阿思達克 07-20 09:46
大和發表報告指,特步(01368.HK)旗下主品牌次季零售銷售按年錄得高雙位數增長,當中折扣水平爲25%,而截至今年6月底止,庫存水平爲少於5個月。該行相信,今年主品牌銷售增長或會高於指引,但留意到公司近期面臨的挑戰,包括新品牌的海外市場業務及集團整體淨利潤壓力,主因營銷費用增加及新品牌虧損。這亦意味着特步核心品牌對現有產品組合增強及品牌提升有強大的推動力。 該行指,將公司2023年至25年每股盈測下調1%至6%,並將其目標價由11.5元下調至10.7元,維持「買入」評級。(ca/s) ~
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