上美股份(2145.HK):老品企稳、新品爬坡 看好估值修复弹性

国泰君安
02 Mar

本报告导读:韩束悲观预期已反应,目前抖音高基数已过,自播及商品卡占比提升下老品红蛮腰有望企稳,天猫大单品战略及抖音性价比新品推进,看好新品爬坡带动估值修复。投资要点:投资建议:考 虑 2024H2 韩束抖音略有承压、调整盈利预测,预计2024-2026 年公司EPS1.88(-0.15)、2.35(-0.26)、2.80(-0.38)元人民币,参照同业估值、给与2025 年PE20x,下调目标价至...

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