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大行評級|美銀:下調新秀麗目標價至24港元 下調今明兩年盈測
格隆匯 11-14 15:52

美銀證券的研究報吿指,新秀麗第三季業績遜預期,料第四季將出現復甦,下調今明兩年的經調整EBITDA預測各6%,以及盈利預測11%和13%,以反映季績。管理層預期今年全年的自然銷售與去年持平,意味第四季銷售增長為中單位數,而第四季至今走勢有改善,主要受惠於內地政府的刺激措施以及去年第四季的低基數。

該行指,展望2025年,公司可以恢復其銷售增長及毛利擴張,開始從公司在加強品牌、產品創新、非旅遊產品及直接面對消費者的渠道之投資中獲利。該行重申“買入”評級,目標價由26.8港元降至24港元。

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