大行评级｜招商证券国际：首次覆盖毛戈平予其“增持”评级及目标价102.4港元

格隆汇2025-07-29

招商证券国际发表研究报告，首次覆盖毛戈平，给予“增持”评级，目标价为102.4港元，基于2026年中期预测市盈率38.5倍。该行指出，若毛戈平复制雅诗兰黛的发展路径，在未来完成区域性品牌收购并建立泛亚洲高端定位，有望进一步提升估值至50倍市盈率水平，从而更好地支持其护肤品业务占比与利润率表现。该行预计毛戈平在明星产品驱动下，其收入将从2024年39亿元增长至2027年98亿元，实现36%的年均...

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大行评级｜招商证券国际：首次覆盖毛戈平 予其“增持”评级及目标价102.4港元

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大行评级｜招商证券国际：首次覆盖毛戈平予其“增持”评级及目标价102.4港元