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《大行報告》匯豐研究升康師傅(00322.HK)評級至「買入」 目標價上調至18.1元
阿思達克 09-04 10:15
匯豐環球研究發表報告指,康師傅(00322.HK)上半年即食麵收入增長29%,其中來自高端產品收入升48%,相信受惠居家措施,加上推廣減少,毛利增2.2個百分點,但隨著未來疫情和供應鏈改善,該部份收入或會於下半年下跌,但全年仍升17%,而2021至2022年進一步放慢至5%及4%。

該行指,康師傅旗下飲品業務收入跌4%,主因戶外活動減少,但7月份起見復甦,管理層有信心下半年可以有強的增長趨勢。隨著疫情受控和健康渠道恢復,料下半年會有更好的復甦,全年可回復至2%增長。

匯豐環球研究指,因應中期業績勝預期的表現,升2020至2022年盈利預期分別23%、12%及6%,目標價由13.74元升至18.1元,評級由「持有」升至「買入」。

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