麦格理发表报告指,李宁(02331.HK) 去年10月和11月线上和线下渠道的零售总额均录得正增长。公司将全年营收与净利率目标分别维持在低单位数与11%至13%(low-teens)。
麦格理调高李宁2024财政年度每股盈利预测6%,因支出比率降低,但调低2025财政年度每股盈利预测 3%,因营收预估降低。同时将2024财政年度纯利预测上调6%,但将2025和2026财政年度纯利预测分别下调3%和4%,主要是由于营收预估较低所致。由于估值便宜,维持“跑赢大市”评级。该行将李宁目标价由22.6元降至21.4元。(ha/w)(港股报价延迟最少十五分钟。沽空资料截至 2025-01-09 12:25。)
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