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《大行》建銀國際升泡泡瑪特(09992.HK)目標價至374元 續列爲行業首選
建銀國際研究報告指,泡泡瑪特(09992.HK)上半年經調整淨利潤按年升3.72倍至46.02億元人民幣,略超過早前預告的3.5倍增幅;收入按年升2.04倍至138.76億元人民幣,大致符合預期。該行認爲,推動盈利強勁增長主因是規模效益及經營槓桿提升,而集團的業務增長是由全方位增長推動,包括核心IP、產品類別及地區市場,印證集團正朝着全球化企業目標邁進。 該行指,受惠於全球需求持續強勁,預期下半年收入增長將維持於1.14倍的強勁水平,又料2026至27年盈利年均複合增長率達28%;目標價由288港元上調至374港元,維持「跑贏大市」評級,續列爲行業首選,並預期即將推出的「迷你Labubu」可成爲近期股價催化劑。
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