盤中異動 | 滔搏盤中下跌5%，報於6.25港元
2022年9月14日10時20分，滔搏(HK06110)盤中下跌5%，報於6.25港元，成交額達2764.43萬港元，換手率達到0.08%。
7月28日訊，交銀國際發研報指，阿迪達斯下調22年下半年大中華區銷售指引，從此前的同比持平下調至同比雙位數下滑，同時還下調了毛利率預期。不利於運動品牌經銷商和國內品牌：下調指引對經銷商的銷售是負面因素，尤其是對於他們的阿迪達斯產品銷售。爲何滔搏、寶勝等經銷商的表現可能好於阿迪達斯？1）阿迪達斯的表現不如其他品牌，意味着目前的疲軟可能僅限於阿迪達斯，而滔搏與寶勝的其他品牌供應商表現可能較強。2）7月是一個銷售的小月份，而8至12月將受益於低基數，因此無需誇大7月的疲軟。3）在去庫存時，零售商的銷售流水將多於品牌商的批發銷售，儘管毛利率可能更低，這意味着阿迪達斯雙位數的銷售下滑應該比零售商的銷售放緩來得更嚴重。中國運動用品產業鏈優先次序：品牌>經銷商>代工廠：考慮到目前是去庫存階段（優先選下遊而非上遊)，加上國內品牌的表現持續優於國際品牌，交銀青睞國內品牌（如安踏、李寧)多於經銷商（如滔搏、寶勝)，最後是代工廠（申洲）。
8月15日，花旗：予李寧(02331)“買入”評級，目標價升至98港元。8月12日，花旗：予李寧(02331)“買入”評級，目標價92.2港元。7月27日，大摩：予李寧(02331)“增持”評級，市場份額將持續增長。
最新的財務數據顯示，公司於2022年1季度，營業收入318.76億人民幣，淨利潤24.46億人民幣；營業收入同比減少11.48%，毛利潤同比減少5.84%，淨利潤同比減少11.68%。
盈立趨勢長盈模型最近一次交易信號，2022年9月13日出現關注信號，觸發價格爲6.58港元（信號僅供參考）。
uSMART智能寫手的信息、數據均來自媒體公開報道，智能寫手不能保證其完全準確，內容僅供參考，不構成投資建議。
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