You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》里昂:李寧(02331.HK)下調銷售指引令市場沮喪 降評級至「跑贏大市」 削目標價至34元
阿思達克 10-26 14:36
里昂發表報告指,李寧(02331.HK)零售流水增長按年升中單位數,並下調今年銷售指引,均令市場沮喪。公司管理層目標解決滯銷問題,及推動零售環境回復至健康水平,故計劃第四季減少批發,以助減低分銷商的庫存壓力。同時,李寧將今年銷售指引由中雙位數下調至單位數的按年增長。另外,公司下半年毛利率受壓,主要是在雙11期間,或無可避地加大其折扣水平,以清理庫存。 該行表示,將李寧在2023年至2025年銷售預測下調5%至10%,純利預測則下調15%至22%,並預料2023年至25年期間的銷售複合年均增長率達10%,而複合年均增長率純利預測則達14%。 里昂表示,將李寧目標價由51元下調至34元,相當預測未來12個月市盈率18倍(此前為21倍),其評級由「買入」降至「跑贏大市」。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account