《大行報告》大摩引述華中體育用品經銷商指銷售逐步復甦 指李寧(02331.HK)屬最安全復甦股份
摩根士丹利發表研究報告,指其與華中體育用品經銷商舉行投資者會議,認爲疫情最壞時間可能已過,銷售正逐步復甦。雖然公司加大折扣,庫存堆積如山,但情況似乎可控。除非再次爆發重大疫情,否則需求應會恢復。
該行指出,華中體育用品經銷商的經營壓力有所緩解,只要疫情封鎖措施不再升級,以及沒有再次爆發重大疫情,相信安踏(02020.HK)、李寧(02331.HK)及滔搏(06110.HK)的股價將徘徊在3月15日的低位之上。
大摩認爲,李寧屬當中最安全復甦概念股,因其於目前低迷情況下擁有強勁的品牌動力及良好的庫存結構。安踏方面,如防疫措施有放寬跡象,該行不會對安踏股價反彈超過同業而感到驚訝,因FILA在一至二線城市業務對人流的敏感度較高。至於滔搏銷售復甦依賴Nike(NKE.US),暗示表現有些令人鼓舞;而Adidas壓力似乎揮之不去,滔搏銷售復甦較少程度上依賴Adidas。
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.