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《大行報告》大和上調李寧(02331.HK)目標價至78.5元 評級「買入」
阿思達克 08-15 10:40
大和發表報告,雖然李寧(02331.HK)2022年上半年業績表現主要在營收、政府補助和財務收入方面好於預期,但對充滿挑戰的第二季來說,其渠道庫存水平改善是最大的上行驚喜。該行指,隨著疫情放緩,第三季至今銷售按年增逾10%,8月情況見更明顯復甦。管理層維持今年收入增長指引介乎16%至24%,淨利潤為16至19%水平。 大和重申李寧「買入」評級,並上調其2022-2024年每股盈利預測2%至4%,以反映預期收入增長提高、營運成本和財務收入下降,目標價相應由75元上調至78.5元。
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