瑞银发表研究报告指，新秀丽将于下月公布次季业绩，该行料将大致符合预期，预期按固定汇率销售额跌4.6%，与首季相若；毛利率维持于约59%水平，反映受关税影响较少，因集团提前准备库存；料次季经调整EBITDA录得1.45亿美元。另外，该行认为集团下半年的收入及利润将视乎关税税率及各个市场的消费者信心而定，保守估计下半年收入跌幅将较上半年大。全年而言，料收入按年跌6%，经调整EBITDA利润率跌310个基点至15.9%。 不过，该行指集团仍有强劲的自由现金流，假设2025财年派息率不变，派息金额为9,000万美元，收益率为3.4%，而集团可透过回购来提高收益率，如将自由现金流减去派息，该行认为集团仍有约1.5亿美元可用于回购，收益率达5.6%。该行将目标价由16.3港元降至15.3港元，维持“中性”评级。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.