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大和升统一(0220.HK)目标价至10港元料下半年毛利扩张
格隆汇 08-08 11:21

大和报告指出,统一(00220.HK)上半年业绩胜预期,主因毛利率较预期好,管理层解释因原材料成本下降、次季增值税下调,以及产品组合升级。由于高端品牌收入贡献持续上升,及管理层计划保留部分增值税减少而节省的资金,而其余用于广告开支,预期下半年毛利率持续扩张。该行上调集团2019-21年每股盈测12%至15%,目标价由8.5港元升至10港元,重申评级“跑赢大市”。

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