晶苑国际(2232.HK):全球服装代工龙头 垂直一体化布局可期

国泰君安
26 Jan

本报告导读:全球多元化服装代工龙头,优质客户、产品及产能优势保证收入稳健增长,面料自供应有望提升盈利能力。投资要点:投资建议:预 计2024-2026 年归母净利润分别为1.96/2.34/2.77亿美元,对应PE 分别为8X/7X/6X,首次覆盖,给予“增持”评级。全球领先的多元化成衣制造商,共创模式优势突出。公司产品包括休闲服、牛仔服、贴身内衣、毛衣、运动服及户外服五大品类,与优衣库(占比约...

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