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中金下调青岛啤酒(0168.HK)今年盈测5%料高端市场竞争激烈
格隆汇 07-23 10:42

中金公司发表研究报告预测,未来中国高端啤酒市场可能竞争激烈,青岛啤酒(0168.HK)在该领域需要集中资源,目前管理难度较大,因此下调青啤今年及明年纯利预测5.1%和9.6%,但维持A/H股目标价不变,分别隐含9.8%和0.4%的下行空间。

中金在报告中指出,青啤竞争对手百威去年高端市占率达47%,进口啤酒和小众精酿正实现高增长;本土龙头也在快速扩充高端组合併加大投入,预计未来高端市场竞争激烈。

报告说,青岛啤酒高端产品丰富,但尚无明确的大单品打造计划,高端资源仍需集中。

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