《大行》摩通一举升李宁(02331.HK)评级至“增持” 目标价升至25.6元

阿斯达克财经
Mar 24

摩通发表报告指,一直关注李宁(02331.HK) 复苏的两个关键信号,第一个是自2022年以来市占率持续流失后能否重新夺回市占率;第二是能否实现相对有效的成本控制。报告指,李宁现已同时展现这两个正面信号。该行对公司看法转为正面,主要原因之一是2025年下半年盈利按年增长13%,较该行预测高出17%,较市场预测高出28%,主要受惠于直营零售渠道的成本优化,以及高于预期的政府补助,抵销了宣传及推广费用...

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