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《大行報告》花旗:李寧(02331.HK)維持今年營運目標指引 維持「買入」評級
李寧(02331.HK)首季整個平臺同店銷售按年錄20%至30%低段增長。花旗發表報告指,李寧維持今年收入增長10%至20%低段增長的指引,維持毛利率處於10%高段的指引,因爲其年初至今的營運與全年計劃進展一致。監於其強大的品牌、產品、靈活的成本結構和審慎的渠道庫存管理,在充滿挑戰的零售環境中,李寧的利潤增長比大多數其他運動用品股更具彈性,維持「買入」評級,目標價109.85元。 花旗認爲,李寧與滔搏(06110.HK)的合作在3月實現,認爲這一新的合作夥伴關係,爲李寧提供了獨特的一站式解決方案,可快速實現全渠道零售,整合低效率的分銷商規模,並進一步加快其批發速度業務向前發展。
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