野村:維持日清食品(1475.HK)目標價9.7港元 評級“買入”
野村發表研究報告指,日清食品(1475.HK)管理層昨天(2日)於非交易路演表示,受第三波疫情影響,今年7月集團於香港的銷售較預期強勁,當中的銷售強度僅遜於2月的10-15%,8月亦錄得上佳貨量,維持目標價9.7港元,重申“買入”評級。
管理層指,作為香港市場的領導者,公司有權力調整價格,但在內地業務中,公司的市佔率仍然相對較少,只能隨市價而定價,難以在內地上調售價,指部分內地業務於7月較上半年始回復正常,亦錄可觀的正增長,但其增長幅度則低於今年第二季。
管理層表示,現時沒有打算進入創新食物產品市場,因當中競爭激烈,亦指大部分公司仍未能在相關業務中產生盈利,認為現時未見業務受到創新食物產品的直接競爭。
野村表示,日清於華西建立新辦公室,料短期內能增加於西部地區的滲透率。

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