《大行报告》瑞信:日常必需品疫情下跑赢 体育用品跑输
瑞信发表报告指,全球新型冠状病毒个案於3月7日已达10万宗,其中中国近8.1万宗。而自中国个案於1月23日开始急速上升,不明朗性增加後,日常必需品相关股份表现跑赢,行业中可即时受惠於消费者行为转移及在家工作的板块有带头跑赢表现,包括超级市场、包装食物、小型家电及调味料。该行表示,体育用品股在疫情下的表现则明显跑输,主因市场对近期需求的忧虑上升,及零售/分销商面对现金流压力,或使疫情过後的推广及订单大跌。根据其基础情境,瑞信假设多数消费活动可在今年4月及5月大致回复正常,下调对中资体育用品、餐饮及啤酒股股份目标价,并下调餐饮、体育用品及白酒股今年每股盈利预测分别平均15%、12%及7%。
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