《大行報告》大和下調特步(01368.HK)目標價至9.5元 下調今年每股盈測3%
大和發表評級報告指,特步(01368.HK)第三季零售銷售按年增長高雙位數,而零售折扣達25%至30%,渠道庫存周轉率達4個半月至5個月之間,大致上符合預期。該行表示,在擔憂經濟衰退期間,海外市場的新興品牌市場仍有不確定性,但對於公司品牌的強勁勢頭感到鼓舞。
該行指,公司管理層有信心直至年底,渠道庫存周轉率可達4個月,並料第四季零售按年增長逾30%,並保持全年增長20%至25%的目標,並料特步品牌明年零售按年增長逾20%。
該行表示,將特步今年每股盈測下調3%,2024年至25年則上調1%至2%,並將其目標價由10元下調至9.5元,維持其評級為「買入」。(ca/w)
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