大和发表研究报告指，由于低基数效应，预期新秀丽第三季收入跌幅将收窄至1.4%，符合管理层指引。由于区域结构变化与营运去杠杆，该行预期经调整EBITDA利润率仍将承压；料第三季毛利率及经调整EBITDA利润率分别按年跌0.7及0.6个百分点，至58.6%及17%。该行亦相信美国双重上市计划仍在推进中，但最早或要到2026年中才能落实。 该行将新秀丽2025年每股盈利预测下调2%，但基于亚洲与北美市场复苏可能更强劲，将2026年每股盈利预测上调3%。不过，该行认为在全球旅游需求持续支持下，2026年有望迎来更强劲复苏，将其目标价由15港元微升至16港元，维持“持有”评级，因目前缺乏催化剂且能见度仍然偏低。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com
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.