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《大行報告》瑞銀上調新秀麗(01910.HK)目標價至27.7元 今年首兩月業務勢頭強勁
阿思達克 03-16 09:36
瑞銀發表報告指,雖然市場對經濟衰退的擔憂加劇,但新秀麗(01910.HK)今年首兩個月業務勢頭仍強勁,撇除Speck及俄羅斯業務後,內生淨銷售額按固定匯率計達到疫情前水平116.5%,對比去年第四季只恢復至約98%。 該行指出,在中國年初至今重新開放的支持下,新秀麗亞太地區的淨銷售額迅速增長,亞洲及中國的內生淨銷售額分別達到疫情前水平的112%和81%,同時歐洲和北美的淨銷售額亦繼續增長,分別達到2019年水平的126%和103%。管理層因此上調營收指引,並預計到 今年淨銷售額將達到2019年同期約115%水平,調整後EBITDA利潤率最少達到17%。 瑞銀預計投資者將對指引上調及年初至今強勁業務表現作出積極反應,認為市場需求依然穩固,將目標價由26.6元上調至27.7元,並對前景保持樂觀,認為淨銷售額及利潤率可持續改善,予「買入」評級。
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