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研报掘金|中金:维持特步国际“跑赢行业”评级 目标价上调至5.47港元
格隆汇 04-22 10:42
中金发表研究报吿指,特步国际首季经营数据显示,在2022及2023年首季的高基数下,特步主品牌零售销售额仍录得按年高单位数增长。从渠道划分,该公司首季在线销售加强性价比产品布局,销售额按年增长超过25%,跑赢线下渠道的低单位数增幅,相信主品牌较快的增长主要受到电商渠道表现向好所带动。该行指,特步旗下专业运动品牌Saucony、Merrell及K-Swiss、帕拉丁实现超过50%增长,表现亮眼,维持今明两年每股盈利预测为0.45及0.52元不变,同时维持“跑赢行业”评级。基于行业估值提升,该行将目标价调升16%至5.47港元。
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