《大行》中金升361度(01361.HK)目標價24%至6.98元 評級「跑贏行業」
中金髮表研究報告指,361度(01361.HK)中期收入按年增長11%至57.05億元人民幣,歸母淨利潤按年增長8.6%至8.58億元人民幣,業績基本符合該行預期。公司宣派中期股息每股20.4港仙,對應派息率45%,較上年同期派息率繼續提升。
中金錶示,今年上半年公司毛利率按年增0.1個百分點至41.5%,其中主品牌鞋服毛利率在良好的成本管控和產品定價拉動下均有提升。公司繼續堅定推動超品店新業態,計劃年內超品店數量增至100間,同時主品牌在跑步和籃球品類方面仍有較好增長潛力。中金錶示,仍看好公司中長期在大衆專業運動賽道的競爭力。
中金錶示,考慮今年內終端零售環境波動,將公司今年每股盈測下調4%至0.61元人民幣,明年則維持0.72元人民幣。中金錶示,將其目標價上調24%至6.98港元,維持評級爲「跑贏行業」。
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