野村发布研报称,给予安踏体育(02020)“买入”评级,目标价由104.1港元上调至131.3港元。该行称,安踏体育2024财年销售表现超出预期。其中,核心品牌与“FILA”品牌的收入超出该行预测1%至2%,带动集团下半年收入同比增长13%,超出市场预测4%。
该行称,公司2025财年销售增长目标预计将可实现。安踏管理层重申其2025财年销售增长目标,其中核心品牌“安踏”将实现高单位数百分比的同比增长;“FILA”品牌将实现中单位数百分比的同比增长;“DESCENTE”与“KOLON”品牌将实现同比增长超过30%,野村认为上述目标大致符合市场预期。
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