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《大行報告》瑞銀上調康師傅(00322.HK)目標價至17.5元 評級「買入」
阿思達克 07-20 10:42
瑞銀發表報告,指出康師傅(00322.HK)過去兩年跑輸大市的表現,主要是由於其渠道精簡及分銷商在後來去庫存所致,但其即食麵市佔率自2017年以來一直上升,該行預期隨著康師傅新產品推出及在低線城市的滲透率提高,將會在今年下半年奪回飲品市場的佔有率,認為公司的估值被低估。

該行表示,將康師傅2020至2022年的盈利預測分別上調10%、13%及19%,以反映收入及毛利率增長的假設,相信飲品市場復甦及其市佔率-來的14.85元上調至17.5元。

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