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大摩:升康師傅(0322.HK)評級至“增持” 上調目標價至14港元
格隆匯 11-28 11:51

摩根士丹利發表中港消費股行業報告,內地大眾消費市場可望復甦及產品高端化趨勢下,喜愛方面面及飲料營運商,決定一舉升康師傅(00322.HK)投資評級,由原來“減持”升至“增持”,將目標價由8.6港元升至14港元,此相當預測2020年市盈率23倍及動態市盈率1.8倍。

該行指,上調對康師傅目標價,因調高對其盈利預測,隨着資產優化計劃,料其資本開支可下降20%。該行估計,康師傅旗下方面面業務會由今年下半年持續改善,其今年上半年藉推廣已提升市場份額,公司第三季旗下方面面銷量及價值均見改善。大摩估計,康師傅可藉產品高端化,以支持旗下飲料業務增長。

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