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大和:維持蒙牛乳業(2319.HK)目標價35.5港元 評級“買入”
格隆匯 01-07 14:32

大和發佈報告稱,維持蒙牛乳業(2319.HK)目標價35.5港元及“買入”評級,基於2019-2020年市盈率26倍估值,以及預期在2019-2020年收入及每盈利增長快過同業。

該行稱,蒙牛乳業入股上海乳製品製造商妙可藍多,妙可藍多將出售2050萬股或5%股權予蒙牛,每股作價14元人民幣,總價2.864億元人民幣。另外,蒙牛將投資4.576億元人民幣於妙可藍多旗下從事芝士製造的附屬吉林科技42.88%。

該行認為,此收購有助雙方共同拓展內地芝士市場,同時收購內地上市公司少數股權,可防止與妙可藍多尋求合作的主要競爭對手。

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