滔搏升目标价至3.77港元,维持“买入”评级

招银国际
Oct 29

一、业绩表现略胜预期滔搏(06110)在2025年8月止的上半年业绩超出市场预期,主要得益于毛利率的韧性表现。尽管公司在2026财年下半年的销售增长前景仍需谨慎看待,但其核心品牌的支持以及关闭表现欠佳门店的策略为利润率扩张提供了支撑。二、Nike积极信号助力复苏招银国际指出,基于Nike展现的多项积极迹象,他们对滔搏未来的复苏前景更具信心。然而,该行也提醒,这一复苏过程可能需要较长时间。作为全球...

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