大行评级丨大摩:普拉达次季销售额胜预期,维持目标价42港元

格隆汇
Jul 31
摩根士丹利发表报告指,普拉达次季销售额较市场预期高出3%,其中零售销售高出1%。Prada品牌零售表现胜预期。上半年EBIT较市场预期高出3%,主要受毛利率改善带动。下半年EBIT预期将继续受Versace拖累约350个基点,而汇兑拖累应会减轻。近期趋势上,管理层指出6月最后一周及7月首数周表现较疲软,其后交易恢复良好节奏。市场预计第三季Prada零售同比增长3%,Miu Miu增长9%。管理层展望审慎乐观,预期其品牌将持续跑赢整体奢侈品市场。整体而言,此次业绩公布后该行大致维持原有估计不变,对其目标价42港元,评级“与大市同步”。

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