大行評級|高盛:上調波司登目標價至5.8港元 上調2025至26財年盈測
高盛發表研究報吿指,雖然宏觀經濟及消費環境不斷出現變化,但該行仍然認為,波司登2025財年將會受到其產品種類擴張、品牌組合所推動,而支撐其業績增長。該行表示,鑑於原材料價格上升,波司登旗下羽絨外套的價格可能跟隨上升。同時認為,公司健康的庫存水平獲得靈活的供應鏈所支持,併為其2025財年的健康銷售增長奠定明確基礎。該行亦指,波司登穩健的營業收入增長為其帶來營運槓桿、細緻的商店管理、有效的成本控制。該行將波司登2025至2026財年的盈利預測上調10%至14%,以反映出產品種類擴張、價格上升支持公司表現穩健增長的因素。高盛將波司登目標價由5.5港元上調至5.8港元,並重申“買入”評級。
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