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花旗:維持潤啤(0291.HK)“買入”評級 目標價51.61港元
格隆匯 01-20 16:41
花旗發表報告,指華潤啤酒(0291.HK) 所發盈喜為技術性盈喜,維持對該股“ 買入 ”評級及51.61港元目標價。
報告指,潤啤預計去年全年純利按年增長不少於三成,乃基於關廠減值減少、成本效益增加、新收購喜力中國業務貢獻及欠缺一次性員工年金開支。 該行預期公司去年經常性純利增長低於15%,實際經營情況與該行預期大致相符。
花旗又指,基於華潤雪花及喜力中國整合後經營效益勝預期,與及去年中期業績勝預期,管理層去年下半年加快相關業務整合速度,以於2020年集中於喜力中國增長上。該行料喜力中國於去年5月收購起至去年底業績為收支平衡。

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