新秀丽:增长预期放缓 目标价降至 28.7 港元 买入评级

和讯网
14 Mar

【3 月 14 日,瑞银称今年新秀丽增长或放缓】瑞银发表报告指出,由于关税和宏观环境不确定性,可能打击美国消费者信心,美国业务占新秀丽营收近 40%,今年其增长或放缓。 该行认为市场已计入今年较弱前景,估计当前定价反映今年报告销售净额将下降 3%,经调整 EBITDA 利润率将收缩 200 个基点,情况类似 2019 年贸易战,此预期较保守。 除周期性不利因素,瑞银认为新秀丽能通过品牌提升、新产品...

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