野村:大幅上調新秀麗(1910.HK)目標價至14.4港元 評級“買入”
野村發表研究報告指,新秀麗(1910.HK)第三季度銷售仍仍面臨壓力,但由於公司積極採取節流措施,削減了46.5%的運營支出,調整後的EBITDA虧損收窄至5100萬美元。該行上調新秀麗目標價140%至14.4港元,投資評級由“中性”升至“買入”。
該行表示,中國銷售帶動公司業務增長。亞洲地區第三季度EBITDA為190萬美元,銷售業務有所改善,其中國的復甦最為強勁,10月份的銷售跌幅縮窄至18%,9月錄得虧損27.8%。
該行又指,新冠肺炎打擊全球旅遊業,對公司業務產生負面影響,但最近輝瑞和BioNTech研發的新冠疫苗效果理想,初步在逾90%測試者中見效,該行樂觀地認為全球旅遊業將在2021-22年復甦,預計新秀麗最壞的情形已經過去,EBITDA將在2021年錄得正數。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.