中信里昂:重申現代牧業(1117.HK)買入評級 目標價2港元
現代牧業(1117.HK)發盈喜,預期中期業績將錄得溢利不低於1.9億元人民幣,按年增長不低於40%。中信里昂發表研究報告表示,現代牧業近六年來首次發盈喜,儘管原奶價格幾乎持平,但強勁的銷量增長及成本控制得當。
展望下半年,預計肺炎疫情後的潛在需求和供應減少,原奶價格恢復正增長的可能性,預計下半年鞏固上升趨勢,並轉化為2020年的歷史最高現金EBITDA,並建議公司考慮以上市十週年股息獎勵股東,重申買入評級及目標價2港元。

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