《大行》中金降波司登(03998.HK)目标价至5.65元 业绩承压但营运质量稳健

阿斯达克财经
Mar 10

中金发表研报,指波司登(03998.HK) 业绩承压但营运质量稳健,该行近期与波司登管理层进行了交流,在旺季气温及零售环境波动的背景下,集团品牌羽绒服业务表现略弱于中金此前预期;代工业务则因关税波动影响在3月底止2026财年有所下滑。该行称,在波动的环境下,波司登羽绒服业务略低于预期,但增长质量较高。中金预计,2026财年集团品牌羽绒服业务有望录得中到高单位数的增长。分品牌看,预计波司登主品牌录得...

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