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高盛:上調李寧目標價至103港元,安踏目標價升至215港元

高盛發表研究報吿,將李寧公司(2331.HK)的目標價由70港元上調至103港元;同時將安踏(2020.HK)的目標價由180港元上調至215港元;維持買入投資評級。

報吿指,繼安踏早前發盈喜,李寧上週亦發盈喜,預計上半年銷售收入增長逾60%,上半年淨利潤不低於18億元人民幣,按年升163%;該行表示,李寧強勁的銷售趨勢、零售折扣的顯著改善、積極的經營槓桿作用,加上不斷上升的品牌資產和強大的執行力使該行對其充滿信心,預計長期結構性上行,所以將2021-26年李寧的盈利預測上調13-19%。

該行表示,更新了去年“藍天情景”分析,預計國產品牌市場份額的上升空間;從長遠來看,安踏/李寧都有47-50%/48-49%的上漲空間。

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