《大行報告》麥格理上調安踏(02020.HK)目標價至145元 評級「跑贏大市」
麥格理發表報告指出,儘管安踏(02020.HK)受Amer Sports一次性減值影響,中期純利按年增長32.3%,較該行預期高出3%,收入亦符合預期。由於2023財年第三財季至今FILA及安踏品牌表現仍然疲弱,管理層料該兩個品牌第四財季增長反彈,維持對其呈雙位數增長的指引。
該行基於安踏上半年對開支控制的努力,提升對其毛利預測,將公司今明兩年的淨利潤分別上調3.3%及1.7%。維持對其「跑贏大市」評級,目標價由142元上調至145元,預期公司下半年毛利按年有所提升。
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