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大行評級|星展:下調申洲國際評級至“持有” 目標價削至49.2港元
格隆匯 04-10 10:41
星展發表報吿表示,預期申洲國際體育及休閒服裝訂單增長將因不確定上升而放緩,因品牌營運商或在關税變化及宏觀環境不確定性下更為保守。申洲的東南亞及中國產能佔比分別約為65%及35%。該行又指,在引入美國對等關税下,預期市場反應負面,或推動需求轉弱。該行下調對公司今明兩年盈利預測7%及12%,預計體育服裝訂單在下半年轉弱,且明年增長將進一步放緩。星展下調對申洲評級,由“買入”降至“持有”,目標價由84港元削至49.2港元。該行亦預期,公司在外來衝擊下或削減派息以改善資本狀況。
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