《大行》美银证券降李宁(02331.HK)目标价至20.8元 收入指引存下行风险

阿斯达克财经
Jul 16

美银证券发表报告指,李宁(02331.HK) 撇除李宁YOUNG,李宁(02331.HK) 2026年第二季零售销售录得低单位数按年跌幅,若计入童装则持平,较第一季的中单位数和高单位数增长明显放缓,主因门店客流疲弱及折扣力度加大。正面的是,渠道库存及库存月龄仍维持在健康水平。该行认为李宁全年收入增长高单位数的指引存在下行风险,但相信市场已充分预期此情况。同时将2026/2027年每股盈利预估下调...

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