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研報掘金|中金:下調新秀麗目標價至28港元 次季業績低於預期
格隆匯 08-16 10:21
中金髮表報吿,指新秀麗次季業績低於預期,主要受累於亞洲及北美的業績未達預期,因此將公司今明兩年收入預測分別下調8%及12%,至各36.7億美元及39.1億美元,今明兩年淨利潤預測下調17%及23%,至各4.12億美元及4.48億美元,目標價調低26%至28港元,但維持“跑贏行業”評級,以反映公司持續的營銷投入以創造長期增長,以及良好的成本控制。報吿引述管理層在業績會上表示,第三季至今的銷售按年增長略低於零,市場激烈的折扣及促銷競爭對新秀麗及美旅的影響更大,而Tumi由於其高端定位所受到的影響會較小。公司預計毛利率在中期內可能會在60%上下波動,但仍然會高於疫情前的55%水平。
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