百威亚太(01876.HK)由上市低位逆弹近半成 摩通及富瑞看32元及35元
获摩通及富瑞重申「买入」评级的百威亚太(01876.HK)扭四连跌,股价由上市低位逆同业及大市反弹4.7%报25.75元,暂仍未重越上市价27元;成交增至3,803万股,创约两个半月高,涉资9.6亿元。
富瑞金融指,受累於近期营销开支较大,料百威亚太第四季利润年增可能放缓至2%,但营销投资应该会带来回报,有助公司於亚洲市场获得更大份额。从长远来看,随着亚洲消费者趋向於高端产品,百威亚太强大优质品牌组合及坚实分销网络将使其处於行业领先地位。故此,重申百威「买入」评级及目标价35元。此外,摩通昨天也重申百威亚太「增持」评级,以反映公司中长期前景乐观,但将目标价由34元,下调至32元,以反映将公司2019-2021年EBITDA预测下调3%-10%。
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