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《大行報告》高盛升蒙牛(02319.HK)目標價至46.3元 料明年盈利強勁復蘇
阿思達克 12-03 14:33
高盛發表報告指,蒙牛(02319.HK)在今年下半年的銷售增長較行業及同業為快,主要是受到滲透進一步提升,及乳酪類需求復甦所支持。

該行表示,蒙牛近期的產品折扣持續收窄,反映集團及伊利在原奶價格上升的環境下,降低了推廣開支比率。展望明年,該行認為蒙牛在消費者板塊中有良好定位,由於銷售增長依然強勁,及即使奶價成本增加,但毛利率仍有上升,因此估計集團明年盈利可有強勁復甦。

高盛上調蒙牛股份目標價,由40.3元升至46.3元,重申「買入」評級。

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