研報掘金|中金:維持特步國際“跑贏行業”評級 目標價上調至5.47港元
中金髮表研究報吿指,特步國際首季經營數據顯示,在2022及2023年首季的高基數下,特步主品牌零售銷售額仍錄得按年高單位數增長。從渠道劃分,該公司首季在線銷售加強性價比產品佈局,銷售額按年增長超過25%,跑贏線下渠道的低單位數增幅,相信主品牌較快的增長主要受到電商渠道表現向好所帶動。該行指,特步旗下專業運動品牌Saucony、Merrell及K-Swiss、帕拉丁實現超過50%增長,表現亮眼,維持今明兩年每股盈利預測為0.45及0.52元不變,同時維持“跑贏行業”評級。基於行業估值提升,該行將目標價調升16%至5.47港元。
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