大行評級|高盛:上調波司登目標價至6.4港元 黃金週銷售增長強勁
高盛發表研究報吿指出,波司登將於11月底公佈截至9月底的2025財年上半年業績,預計期內集團銷售、核心經營溢利和純利將分別按年增長14%、21%和16%。該行預期集團上半財年毛利率將穩定在49.6%,核心經營溢利率則預計提高1個百分點,達到16%。
高盛表示,波司登仍能憑藉其推出和擴大熱門SKU的能力、良好的渠道管理以釋放低滲透省份的需求,以及提高店鋪生產力,實現穩定增長。此外,波司登品牌在黃金週的銷售增長強勁。該行維持對集團的“買入”評級,對2025至2027財年的盈利預測大致維持不變,並等待“雙11”及旺季銷售數據,目標價則由5.8港元上調至6.4港元。
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