Market Brief

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Author

許偉龍先生(Anthony Hui)
交易員

現任職輝立交易員,對投資股票經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
Phone:
36533066

特步國際控股有限公司 (01368.HK)

Wednesday, March 20, 2019 Views536

集團主要從事體育用品(包括鞋履、服裝及配飾)的設計、開發、製造及市場推廣,並主要以自有的特步品牌進行銷售。

 

基本資料 :

現價: $6.08

市值: 136.4億

市盈率: 17.7倍

周息率: 3.29%

52週高/低: $3.82 /$6.45

10天/50天/250天平均價 : $5.75/ $5.12/ $4.72

 

主要股東 :

丁水波家族(59.95%)

 

業務回顧:

截至2018年12月月底止全年業績,特步國際的收入增加24.8%至人民幣63.83億元。公司權益持有者的淨利潤增長60.9%至人民幣6.57億元。 業績符合市場預期。

 

近期股價走勢:

公司自公佈業績後,股價從大約5.16元起步,至13/3/2019,高見6.45元,創52周新高後緩緩回落,現仍站於10天丶20天丶50天丶100天及250天各條主要平均線之上。

 

評論:

第一,公司在月初公佈與美國知名品牌Wolverine Group訂立成立合資公司的協 議,於中國內地、香港及澳門開展Merrell(邁樂)及Saucony(聖康尼)品牌

旗下鞋履、服裝及配飾的開發、營銷及分銷。此合作協議將提供予公司更多元化 的產品,以迎合不同的消費者需求。此外,通過公司的線上線下銷售平台的運營 資源及供應鏈規模,將產生協同效應,並為公司長遠增長帶來動力。

 

第二,公司積極擴展於印度,泰國及越南等東南亞市場,利用當地資源推出旗下產品,有望提升在國際市場的份額。

 

第三,目前市盈率17.7倍,較其他同業為低,因此有一定上升潛力。

 

 

買賣策略
買入價: $5.95

目標價: $7.3

止蝕價: $5.35

 

 

註:本人許偉龍為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

 

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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