一、核心观点与投资建议报告维持对Xtep(1368HK)的“买入”评级，目标价为7.20港元。尽管2Q25零售销售略低于预期，但公司仍保持其FY25E的指导不变，并且库存水平和折扣状况保持健康。分析师认为，基于14倍FY25E市盈率计算的目标价，相较于当前10倍的市盈率，该股估值仍然具有吸引力。二、业绩表现及市场趋势Xtep在2Q25的零售销售增长放缓至低个位数(LSD)，低于CMBI估计的6%，...
Source Link一、核心观点与投资建议报告维持对Xtep(1368HK)的“买入”评级，目标价为7.20港元。尽管2Q25零售销售略低于预期，但公司仍保持其FY25E的指导不变，并且库存水平和折扣状况保持健康。分析师认为，基于14倍FY25E市盈率计算的目标价，相较于当前10倍的市盈率，该股估值仍然具有吸引力。二、业绩表现及市场趋势Xtep在2Q25的零售销售增长放缓至低个位数(LSD)，低于CMBI估计的6%，...
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