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《大行報告》高盛:迅銷(06288.HK)年度經營溢利略勝預期 上調未來兩年預測6%
高盛發表報告指,迅銷(06288.HK)截至8底止年度綜合經營溢利3,811億日圓,按年升28%,略高於公司指引及該行預期,公司指引2024財年綜合經營溢利4,500億日圓,按年升18%,亦略高於該行預期的4,250億日圓。公司表示,盈利指引計及海外業務增長的因素。該行上調集團未來兩年經營溢利預測各6%。 該行指,迅銷過去幾年的盈利表現,反映海外貢獻多元化,由中國發展至東南亞,再到歐美,在中國的宏觀經濟疲弱下,未來增長焦點在歐美,公司的業務模式是以客戶可負擔價格、提供優質基本服飾,相信是少數海外業務明顯增長的品牌之一。 高盛對迅銷日股維持目標價3.9萬日圓,反映2024財年預測市盈率35倍,較10間全球同業平均水平高出40%,相信公司的業務模式具競爭力,增長潛力未於股價全面反映,維持「買入」評級。
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