大行評級|麥格理:上調普拉達目標價至70港元 首季淨銷售持續跑贏奢侈品同業
麥格理髮表報吿指出,儘管去年中國市場重新開放的基數較高,但普拉達在今年首季實現16.5%的淨銷售自然增長,持續跑贏奢侈品同業。雖然第二季可能面臨基數較高的壓力(去年第二季自然增長19%),惟公司今年開局強勁,年初至今的銷售表現強韌。
該行對普拉達2024至2026年的純利預測分別上調3.9%、3.8%及2.6%,以反映今年首季業績強勁,以及經營槓桿有所改善。基於對其2024年預測市盈率25倍不變,與全球奢侈品行業平均水平相符,該行對其目標價由67港元上調至70港元,評級“跑贏大市”。
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