瑞信上调润啤(0291.HK)目标价至47港元维持“跑赢大市”评级
瑞信发表研究报告称,上调华润啤酒(0291.HK)目标价,由40.5港元调升至47港元,维持“跑赢大市”评级。

该行指出,润啤上半年经常性溢同比增长24%,销售额同比增长7.2%,表现符合该行及市场预期。公司业绩亮点包括销量增长2.6%、平均售价上升4.4%、产品组合改善令毛利率扩大1.9个百分点,以及东北市场持续复苏。
该行表示,引述润啤管理层,喜力的整合情况优于预期且下半年会加快整合,雪花品牌高端化快速进行中,主要优化产能工作将今年内完成,未来会更具效率。
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