《大行報告》野村微升名創優品(MNSO.US)目標價至31.1美元 增長故事吸引力持續
野村發表報告指,名創優品(MNSO.US)去年第四季業績好過市場預期,維持其確信「買入」評級,目標價由30美元略為上調至31.1美元。上季收入增長主要因為本地及全球業務表現都令人滿意,毛利率顯著改善至43.1%,好過該行預期的41.3%,主要因為海外業務毛利率較高,以及自營海外門店的收入貢獻提升。
報告指,公司上季銷售及一般行政開支高於預期,但仍然錄得經調整盈利6.61億元人民幣,較該行預期高7%,下半年每份ADS派息0.29美元,相當於派息比率50%。
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