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.
大和:重申中國旺旺(0151.HK)“買入”評級 微升目標價至7.8港元
格隆匯 11-20 14:44

大和發表研究報告指,受惠於毛利率上升帶動,中國旺旺(0151.HK)截至今年9月底止上半年,純利按年升18%至16.3億元人民幣,優於該行預期,預期公司多樣化的銷售渠道及產品可推動其收入增長,重申對其“買入”評級,並將目標價由7.7港元輕微上調至7.8港元。

大和指,中國旺旺期內海外及新興市場渠道收入分別有中單位數及中至高單位數增長,銷量則錄雙位數增長,公司管理層相信銷售渠道多樣化將成為推動新產品於2020至2022財年收入的關鍵,故上調公司2020至2022財年每股盈利預測2%至3%,以反映產品組合改善而令毛利率上升的預期。

該行又指,中國旺旺自由現金流比率約6%,而公司亦承諾資金用作派息及回購股票以回饋股東,認為目前估值吸引。

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