大行評級|瑞銀:維持特步目標價4.5港元 次季零售銷售優於預期
瑞銀髮表研究報吿指,特步今年第二季度零售銷售額按年增10%,優於該行早前的高單位數增長預期。當中,線下零售銷售額錄低單位數增長,線上零售銷售額則按年增長25%。其他品牌方面,邁樂(Merrell)及索康尼(Saucony)零售銷售額增長逾50%,銷售額及利潤表現均優於管理層預期;蓋世威(K-Swiss)及帕拉丁KP Global (Palladium KP)的零售銷售(包括海外)增長均逾10%。瑞銀亦引述特步指,有信心於今年全年實現特步主品牌零售銷售額按年增逾10%的目標,不過基於庫存管理,收入增長將介乎中至高單位數。若排除KP Global業務,管理層預計特步的總零售銷售增長將逾10%。該行維持其目標價4.5港元及評級“中性”不變。
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