大行评级丨野村：上调安踏目标价至125港元，上调收入和盈利预测

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野村发表研报指，安踏2025年全年业绩稍胜预期，收入达802亿元，按年增长13%，高于市场及该行预期；经调整纯利(不包括分占合营公司Amer Sports溢利及权益融资收益)为124亿元，按年增长6%，亦略高于该行预期。该行预期，安踏今年将更专注于保护两大品牌的市场份额，同时分配更多资源培育DESCENTE、KOLON及新收购的Jack Wolfskin和Puma等品牌的增长机会。该行认为Puma...

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