大行評級|招銀國際:上調361度目標價至5.97港元 上調2025財年及26財年盈測
招銀國際表示,361度去年銷售額按年增長20%至100億元,分別較該行及市場預測高2%;淨利潤按年增長19%至11.5億元,分別超該行及市場預測7%和5%,主要因毛利率好於預期。若調整應收賬款撥備,調整後淨利潤增速可達30%。去年的派息率也提高至45%。2025年至今的流水增長、折扣與庫存情況良好。
招銀國際維持361度“買入”評級,目標價由5.15港元上調至5.97港元,分別上調2025財年及26財年淨利潤預測3%及2%,主要是因爲業績超預期。
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