智通财经APP获悉，招银国际发布研究报告称，JS环球生活(01691)及附属九阳去年业绩表现受压，然后国内业务正逐步回稳，市场份额仍在增长，同时SharkNinja在亚太地区表现亦不俗，憧憬主要股东积极进行回购，维持“买入”评级，认为集团中期展望稳健，长期前景依然向好，目标价由1.84港元升至2.44港元。
该行目前对九阳2025年经营表现持审慎看法，预测销售将回升，但利润率改善幅度或相对小，另外SharkNinja的ODM业务或受到政策打击，预测SharkNinja今年亚太业务仍会取得亏损，但长期看好集团对于研发、市场推广、分销能力和销售团队的加强投入。
基于盈警公告，招银国际将JS环球生活2024及2025年经调整净利润预测下调99%及57%，以反映中国市场需求疲弱及经营杠杆作用减弱，以及亚太地区投资增加。
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