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港股異動 | 蒙牛跌逾3% 大和指其業績遜預期 降目標價
格隆匯 03-27 15:40
格隆匯3月27日丨蒙牛(2319.HK)跌逾3%,報25.8港元,總市值1015.4億港元。

大和發表最新報告,蒙牛上年業績差過預期,但下半年有望重拾增長,料股價仍有兩成升幅。報告指出,扣除一次性減值及收益,蒙牛純利按年升27%至38億元人民幣,仍比大和估計少4%,主要是收入遜預期,同時加大廣告開支所致。
大和續稱,蒙牛管理層相信上半年收入會下跌,主要受到新型肺炎影響,但下半年有望重拾雙位數增長,同時營運毛利率亦有望再度擴大。基於新型肺炎影響,同時調低雪糕銷售預測,以及估計廣告開支增加,故大和降今明兩年蒙牛每股盈利預測9至11%,達至1.04和1.47元人幣,目標價則由32.6港元降至31.8港元,但仍予“買入”評級,摺合25倍預測今年市盈率。

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