《大行報告》麥格理上調滔搏(06110.HK)目標價至8元 評級「跑贏大市」
麥格理髮表研究報告指,滔搏(06110.HK)於2024財年上半年維持強勁的現金生產能力。管理層重申,透過利潤率擴張實現2024財年的增長與產業一致。該行重申「跑贏大市」評級,目標價由7.8元上調至8元。該行認爲,由於對集團營運利潤有較高預測,上調其2024財年盈測3%,對2025年盈測大致不變。
該行表示,雖然2024財年上半年毛利率收窄,但公司預計,由於比較基數較低,折扣按年收窄的正面影響將於期內產生更大影響。展望未來,集團管理層對Adidas更加樂觀,認爲品牌庫存水平和產品組合得到改善。
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