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《大行報告》瑞信上調李寧(02331.HK)目標價至81元 評級「跑贏大市」
瑞信發表報告指,內地體育用品是明年的首選行業之一,預計隨著明年上半年實體市場正常化,行業情緒將逐漸回升,令基本面將在明年中期庫存消化後轉好。該行首選安踏(02020.HK)和李寧(02331.HK),其次為特步(01368.HK),然後是申洲國際(02313.HK)和滔搏(06110.HK)。 報告指,內地體育用品行業的主要焦點將轉向品牌建設、增長前景和行業前景。該行指最看好李寧,因為其新產品推出方面具有競爭力,並具網絡擴張的空間,惟將其今明兩年每股盈測下調1.8%至3.3%,以反映近月疫情嚴重的影響。目標價則由70元上調至81元,維持「跑贏大市」評級。
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