《大行報告》高盛:萬洲(00288.HK)上季業績勝預期 重申 「買入」評級
高盛發表報告指,由於美國業務有更佳的盈利能力,萬洲(00288.HK)今年第三季業績表現優於該行預期。整體而言,集團在第三季的銷售錄4%上升,而經營利潤亦重新錄得增長,按年上升4%。按地區計,集團中國業務第三季銷售增長20%,經營利潤則提升15%,至於美國業務按季有所復甦,經營利潤按年跌幅收窄至4%。
展望未來,該行預期集團中國業務經過毛利率高峰後,盈利增長按季將會放慢,而美國業務盈利於明年料可重回穩定增長,主因疫情相關的開支大幅下降。
高盛重申萬洲股份 「買入」評級,目標價9.9元。該行提到,雖然預計萬洲在今年第四季或仍會經歷困難複雜時期,不過由於基本營運改善,及近期的生豬/豬肉價格提升,料集團於明年將會有穩定復甦。
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