中银国际发表报告指,滔搏(06110.HK) 2025财年第三季经营数据显示,今年9月至11月销售录得中单位数按年下降,反映这体育鞋服零售企业的艰难经营环境。虽然数字有若干按季改善,但数字后也有一定趋势走弱,例如零售折扣加深,以及零售网络缩减。
该行重申观点,认为公司正面临双重打击,而若要复苏的话,均需要行业自身情况以及Nike(NKE.US) 对消费者的吸引力两者同时改善。另外,管理层重申指引,2025财年收入预计按年下跌高单位数,而净利润按年下跌35%至45%。公司最坏时刻是否已过,该行认为目前言之尚早,但考虑到2025财年的预测股息率达8%,也不致太差。重申“持有”评级,目标价2.7元。(ha/da)(港股报价延迟最少十五分钟。沽空资料截至 2024-12-16 16:25。) (美股为即时串流报价; OTC市场股票除外,资料延迟最少15分钟。)
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