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《大行报告》高盛升啤酒股目标价 料润啤、青啤及蒙牛可潜在受惠提价
阿思达克 12-09 11:33
高盛发表内需股行业报告表示,成本上涨及产品提价将是中国内需股明年最主要的催化剂,随着成本上涨(包括大豆、麦、原奶、包装物料等)压力,料内需企业将追求毛利率扩张多於提升市场份额。

该行指,迈向2021年,近期的成本压力可能会持续,尤其是大豆、玻璃、大麦以及其他包装材料。该行估计调味品的压力最大、其次是啤酒,目前乳制品和饮料的价格压力相对较少。因此提价的机会可能因产品类别而异。该行将啤酒股的每股收益预测上调4%,并将目标价提高了4%至14%。

高盛认为华润啤酒(00291.HK)、青岛啤酒(00168.HK),蒙牛(02319.HK)、伊利股份(600887.SH)和中炬高新(600872.SH)是潜在的价格上涨受益者。

该行上调百威亚太(01876.HK)目标价由28元升至29元,维持「买入」评级;该行升华润啤酒目标价由58元升至66元,维持「买入」评级;该行升青岛啤酒目标价由67.1元升至76.1元,维持「中性」评级。

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