《大行報告》里昂升安踏(02020.HK)評級至「跑贏大市」上調目標價至65元
里昂發表報告表示,沽空機構渾水就安踏體育(02020.HK)發表報告第五部分,指安踏控制的最大供應商未納入上市公司之內,安踏澄清該供應商有其獨立業務,且業務規模太小不足以隱藏上市公司成本。此外,安踏發盈喜,預期2019年度上半年EBIT將按年升不少於50%。
該行認為渾水報告第五部分包含的信息很少,難以令安踏向下,而且公司經營溢利顯著向上,主要由於商店效率改善,該行認為可為市場帶來正面驚喜。
里昂將安踏2019-2021年盈利預測上調2%,評級由「沽售」升至「跑贏大市」,目標價由42元升至65元,將綜合市盈率由16倍升至24倍。
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