投资亮点首次覆盖布鲁可(00325)给予跑赢行业评级,目标价105.00 港元,对应2025/26e 24x/18x 经调P/E,我们看好拼搭角色类玩具在全球市场的广阔成长空间及布鲁可已构建的产品打造、IP 运营及渠道优势。理由如下:布鲁可:高速成长的国内拼搭角色类玩具龙头。受益于产品供给不断迭代创新、优质IP 驱动、消费群体扩容等,全球拼搭角色类玩具市场近年来高速成长,沙利文预计其2023-28...
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