滔搏(6110.HK):流水降幅收窄 线上表现亮眼

华泰证券
17 Dec 2024

公司公布截止2024/FY25 财政年度第三季度(由2024 年9 月1 日至2024年11 月30 日的三个月)的运营情况:零售及批发业务之总销售金额按年同比录得中单位数下跌,环比看较FY2Q25 的10%~20%低段有所改善,FY3Q25 流水表现较佳,主要得益于线上的销售贡献。我们认为随着公司在当下财年的库存去化,叠加品牌客户对国内市场的支持,明年有望轻装上阵、迎来反转。此外,公司为低估值高...

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