富瑞发表报告指,雅迪(01585.HK) 发盈警在预期之内,料最坏情况已过。维持“买入”评级,目标价由12元升至16元。
报告指,雅迪预计2024年净利润为12亿至14亿元人民币,按年下降47至55%,原因是下半年为满足监管变化而去库存,导致经营杠杆恶化,增加折扣和经销商补贴令市场失望。但公司预期,一旦当局在未来几周内公布新的E2W国家标准,在可能的补货和终端需求复苏下,明年的业务将恢复增长。(ha/u)(港股报价延迟最少十五分钟。沽空资料截至 2024-12-27 16:25。)
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