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《大行报告》野村升安踏(02020.HK)目标价至123.1元 为行业首选
阿思达克 12-07 10:11
野村发表评级报告指,内地体育服装行业长远将保持强劲增长,但明年市场竞争或会增加;今年体育服装销售复苏趋势不稳定,其中主要品牌过去数个季度出现波动。体育服装市场持续推出促销活动,库存水平稍微略高;即使短期不稳定,该行继续相信整体体育服装行业的表现仍超过其他主要消费子产业,并重申对体育服装行业长远发展持乐观态度,受惠于体育参与率不断增长。 至于2024年,该行相信,体育服装行业竞争保持激烈,消费降级的迹象正在显现,内地本土公司积极寻求新的增长机会,尤其是在低线城市,而国际品牌复苏亦带动竞争。 该行认为,安踏(02020.HK)的品牌多元策略,有助争取市场份额,维持其评级为「买入」,并视为行业首选,目标价由120元上调至123.1元。(ca/cy) ~
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