《大行報告》花旗:李寧(02331.HK)去年底渠道存貨銷售率處五年最高效水平 派息比率升至45%
花旗發表報告指,李寧(02331.HK)2023年淨利潤按年下跌22%,符合該行預期。至於在剔除一次性收益(包括聯營收入)後,公司核心淨利潤則按年下跌25%。
該行亦引述李寧剛公布的2023全年業績報告指,公司去年底全渠道庫存及銷售比率降至3.6倍,為過去5年來最高效率的水平。同年公司的淨營業收入增長20%,累計中期及末期股息,2023年的派息比率上升至45%。因此花旗將李寧目標價定為28.5元,評級「買入」。(js/k)
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