《大行》花旗看好安踏(02020.HK)收购Puma潜力 目标价107元

阿斯达克财经
Feb 11

花旗发表研究报告指出,自安踏(02020.HK) 宣布收购Puma后,投资者的问题主要集中在这次收购会对安踏的中国业务产生助力还是拖累。参考安踏过往收购的不同模式以及该行与中国零售商的讨论,该行预计,除了可能因重塑Puma中国业务而快速增长的品牌收入外,安踏可能对Puma中国的零售/分销业务进行合并,即使安踏仅持有Puma 29%的股权,这将带来惊喜的上行潜力。考虑到安踏在中国强大的零售专长,预计...

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