《大行報告》花旗:內需股今年首選蒙牛、潤啤、中國飛鶴及李寧等八股
花旗發表中資消費股報告表示,中國內地於2020年第二季至第四季疫情受控後交易活動持續恢復,相信投資者今年聚焦企業盈利持續性及長線投資因素,基於六個因素(包括復蘇溢價、以消費者為中心、創新、供應鏈快速回應能力、盈利復甦蘇確定性、強現金流),挑選出2021年中資內需股的首選,包括蒙牛(02319.HK)、華潤啤酒(00291.HK)、中國飛鶴(06186.HK)及貴州茅台(600519.SH)、滔博(06110.HK)、李寧(02331.HK)、百勝中國(09987.HK)、珀萊雅(603605.SH)。
該行指,看好內地奶業、啤酒、嬰兒配方奶粉(Infant Milk Formula)、白酒、體育用品、餐廳行業持正面看法。
花旗表示,更新了對中資消費股目標價,維持對蒙牛(02319.HK)「買入」投資評級,上調目標價由44.36元升至55.05元,維持華潤啤酒(00291.HK)「買入」投資評級,上調目標價由67.82元升至85元,維持李寧(02331.HK)「買入」投資評級,上調目標價由47.95元升至62.15元。
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