智通财经APP获悉，交银国际发布研报称，预计下半年途虎-W(09690)收入双位数增长、利润率稳定的趋势应能延续，预计2026年在今年的基础上有望恢复利润提升的趋势，将估值调整至2026年，基于18倍2026年市盈率，目标价从21港元上调至25港元，维持“买入”评级。
上半年途虎通过C端洞察及供应链管控技术增长跑赢行业。2025年上半年业绩、开店进展基本符合该行预期，收入同比实现加速增长，在客单价下行压力下，通过优化品类结构和供应链管控实现毛利润率的环比改善，营运费率亦延续优化趋势。
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