摩通:升萬洲(0288.HK)目標價至8.9港元 評級“增持”
摩根大通發表研究報告,指萬洲(0288.HK)
第三季銷售及盈利別按年升12%及79%,比上半年分別跌0.4%及16.9%改善,中國業務的利潤改善1.8個百分點至12%,主因新鮮豬肉利潤上升,包裝豬肉價格亦於今年加價5次。
美國方面,第三季毛利率反彈4.2個百分點至6.7%。第三季,國內庫存上升一倍,為第四季的利潤提供緩衝,中美豬價差價差距升4-5倍,若公司可以自美國出口更多豬肉到中國,將可有更高的利潤,目標價由8.5港元升至8.9港元,評級“
增持
”。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.