《大行》里昂升JS環球生活(01691.HK)目標至2.3元 評級「跑贏大市」
里昂研究報告指,JS環球生活(01691.HK)旗下九陽正積極投資於市場推廣以擴大市場份額,但該行認為未來的增長將主要來自SharkNinja亞太地區業務,因SharkNinja美國地區持續提供已成熟的產品,以及在亞太地區發揮品牌效應,令亞太地區市場快速增長,未來該地區市場份額將可與美國地區相當。隨著SharkNinja亞太地區業務有規模效應,加上一些關聯交易的費用到期,利潤率有望改善。
該行將2025及26年淨利潤預測分別上調26.1及24.5%,收入預測上調1及3.3%,維持「跑贏大市」評級,目標價由1.7元升至2.3元。
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