《大行》匯豐研究升安踏(02020.HK)目標價至123.8元 料上半年收入增14.8%
匯豐研究報告報告指,上半年內地對運動服裝的需求仍然疲弱,由於國際品牌開始去庫存,令行業競爭在次季進一步加劇。然而,根據安踏體育(02020.HK)的季度更新,該行預計集團的上半年收入將按年增長14.8%,經調整淨利潤升10.5%,達67.86億元人民幣,料符合預期。該行認為,數據應可超越其主要競爭對手,並符合集團的全年目標。
該行表示,安踏的多品牌策略,可幫助其於內地消費困境中保持表現穩定。對於2025年的預測,該行基本維持經調整淨利潤預測於約136.56億元人民幣,將收入增長預測從11.2%上調至16.5%。該行將集團目標價由121.2港元調升至123.8港元,維持「買入」評級。
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