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《大行報告》高盛輕微上調李寧(02331.HK)今明兩年盈測 下調安踏(02020.HK)目標價至75元
阿思達克 07-03 09:45
高盛發表報告表示,由Nike最新業績顯示,內地體育用品供應鏈維持健康的復甦速度,包括庫存水平正常化等,惟在進取的折扣率及海外市場不明朗化下,毛利率持續受壓。

報告認為李寧(02331.HK)則例外,在建議零售價調整下帶動其經營溢利錄穩健增長,存貨水平較疫情前更為健康以及成本控制得宜。該行將李寧2020至2021年度盈利預測輕微上調1%至2%,以反映公司對折扣及經營成本有較好控制,重申其「確信買入」評級,目標價為31.8元。

該行則下調安踏(02020.HK)2020至2021年度盈利預測8%及1%,以反映Amer Sports虧損擴大但Fila品牌銷售仍維持強勁的因素,目標價相應由78元降至75元,維持「買入」評級。

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