小摩：升波司登目标价至6.3港元 评级“增持”

Core Viewpoint - JPMorgan has raised the target price for Bosideng (03998) from HKD 6 to HKD 6.3, maintaining an "Overweight" rating [1] Group 1: Financial Performance - Bosideng's management anticipates a sales growth of 4% to 5% for the fiscal year ending March 2023 [1] - The net profit margin is also expected to expand during this period [1] Group 2: Future Growth Initiatives - For the fiscal year 2027, JPMorgan expects Bosideng to regain growth momentum driven by various initiatives [1] - Key initiatives include enhancing popular products, expanding new store formats, and further penetrating emerging markets [1]