You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
匯豐:維持統一企業中國(0220.HK)“買入”評級 下調目標價至10港元
格隆匯 11-08 16:34

匯豐發佈報告稱,調低統一企業中國(00220.HK)目標價7.4%,由10.8港元下調至10港元,維持“買入”評級。

該行稱,統一今年第三季業績遜於預期,首9個月淨利潤同比上升27.8%至14.22億元人民幣,意味第三季淨利潤同比上升6.5%至4.25億元人民幣。雖然受惠於增值税及原材料價格下降,支持毛利率擴張,但上半年淨利潤增長低於40%。第三季增長放緩,相信主要由於税收撥備早過預期第三季入帳、廣告及推廣支出上升,以及方便麪業務的競爭加劇。

該行又稱,由於中低端產品的價格競爭,集團方便麪業務第三季增長放緩,不過高價產品的增長仍與上半年表現相近。集團第三季度經營開支有所上升,主因對新產品茶裏王及開小灶的投資上升,兩者為下半年的重點產品。整體而言,相信統一會維持產品高端化策略,並非減價競爭。基於集團第三季表現較弱,下調對其2019至2021年盈利預測9至14%。

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.
uSMART
Wealth Growth Made Easy
Open Account