港股異動 | 百威領跌啤酒股 全年銷量或減6~7%
格隆匯2月24日丨將在本週三公佈全年財報的百威亞太(1876.HK)領跌啤酒股。中信建投研報指,受疫情防控的影響,餐飲及聚會大幅減少幾乎停滯,啤酒在現飲渠道佔比高約55%以上,且消費場景以聚會居多,因此2月受到衝擊最為嚴重。從目前的的情況看:1月基本未受影響,各企業1月銷量基本達到甚至超過計劃;但2月預計受影響嚴重,3月估計仍有一定影響。根據當前的疫情防控態勢,作出以下假設:2月銷量受衝擊最為嚴重,現飲(餐飲居多)、非現飲(KA、電商、外賣等)均受到較大沖擊;3月疫情防控稍有緩解,非現飲增長早於現飲增長,預計仍有下滑。可見在我們的假設中,4月中下旬餐飲逐步恢復正常。3月受到的銷量衝擊疊加起來相當於損失一整個月的銷量,全年銷量預計調減6~7%。
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