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《大行报告》高盛升蒙牛(02319.HK)目标价至46.3元 料明年盈利强劲复苏
阿思达克 12-03 14:33
高盛发表报告指,蒙牛(02319.HK)在今年下半年的销售增长较行业及同业为快,主要是受到渗透进一步提升,及乳酪类需求复苏所支持。

该行表示,蒙牛近期的产品折扣持续收窄,反映集团及伊利在原奶价格上升的环境下,降低了推广开支比率。展望明年,该行认为蒙牛在消费者板块中有良好定位,由於销售增长依然强劲,及即使奶价成本增加,但毛利率仍有上升,因此估计集团明年盈利可有强劲复苏。

高盛上调蒙牛股份目标价,由40.3元升至46.3元,重申「买入」评级。

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