富瑞报告指，根据新秀丽(01910.HK) 管理层指引，基于高基数及美国订单转移，今年首季销售按年录得低至中单位数下降。基于宏观环境不确定性，公司未给予全年指引，但管理层预期未来数季会出现持续改善。
该行又指，公司去年第四季销售符该行及市场预期，经调整EBITDA利润率20.7%，高于该行预测的19%，主要是因为高于预期的毛利率，以及低于预期的销售支出与广告开支比率。
该行上调对公司今明两年净利润预测6%及2%，预期今年首季销售按本地货币计跌2.5%。该行上调对该股目标价，由26.4元上调至28.97元，以配合盈利预测修改。公司表示美国上市计划正在进行，纵使没有时间表。基于股价上望空间，维持“买入”评级。(fc/u)(港股报价延迟最少十五分钟。沽空资料截至 2025-03-14 12:25。)
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