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高盛:微升萬洲(0288.HK)目標價至9.6港元 評級“買入”
格隆匯 10-04 10:11

高盛發表報告指,萬洲(00288.HK)將於10月28日公佈今年第三季業績,該行繼續預期集團中國及美國業務均可有穩固復甦。受旗下美國豬肉製品公司 「Smithfield」的盈利倍增,及中國業務盈利穩定所推動,預期萬洲的經營利潤可按年增長33%,此代表集團有更快的增長軌道及毛利率改善,對比今年上半年為錄經營利潤按年下跌12%。

高盛微升對萬洲股份目標價,由9.5港元升至9.6港元,評級維持“買入”,並微調對集團今年至2021年的盈利預測。

該行預料,萬洲今年第三季的美國生豬生產可錄7,000萬美元盈利,對比去年同期為錄8,000萬美元虧損。而中國業務雖然面對生豬價格大幅提升,但料集團以人民幣為基礎的經營利潤仍可有中單位數增長。另外,隨着中國放鬆關税及增加進口,有助提高美國豬肉價格並加快復甦步伐,高盛料萬洲美國業務明年將繼續復甦。

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