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大行评级|瑞银:首予波司登目标价5.92港元及“买入”评级 对业务多元化策略持乐观态度

Major Rating | UBS Group: First gives bosideng a target price of 5.92 Hong Kong dollars and a “buy” rating, optimistic about the diversified business strategy.

Gelonghui Finance ·  Nov 15 12:40  · Ratings

On November 15, Gr Orient reports that UBS Group is optimistic about Bosideng's diversified business strategy. This strategy involves outdoor and sunscreen products, aiming to capture sales growth in the summer and autumn in the long term. The firm expects this strategy to enhance the company's profit stability, reduce its dependence on winter, and potentially drive a re-rating. The firm believes Bosideng's valuation is attractive and expects a 13% average annual net income growth rate for the fiscal years 2025 to 2026, with a dividend yield of 7%. UBS Group sets Bosideng's target price at 5.92 Hong Kong dollars and rates it as "buy." UBS Group suggests that upcoming catalysts include its performance in the first half of the 2025 fiscal year, the tourism boom in Harbin, and the launch of new products.

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