《大行报告》花旗:内需股今年首选蒙牛、润啤、中国飞鹤及李宁等八股
花旗发表中资消费股报告表示,中国内地於2020年第二季至第四季疫情受控後交易活动持续恢复,相信投资者今年聚焦企业盈利持续性及长线投资因素,基於六个因素(包括复苏溢价、以消费者为中心、创新、供应链快速回应能力、盈利复苏苏确定性、强现金流),挑选出2021年中资内需股的首选,包括蒙牛(02319.HK)、华润啤酒(00291.HK)、中国飞鹤(06186.HK)及贵州茅台(600519.SH)、滔博(06110.HK)、李宁(02331.HK)、百胜中国(09987.HK)、珀莱雅(603605.SH)。
该行指,看好内地奶业、啤酒、婴儿配方奶粉(Infant Milk Formula)、白酒、体育用品、餐厅行业持正面看法。
花旗表示,更新了对中资消费股目标价,维持对蒙牛(02319.HK)「买入」投资评级,上调目标价由44.36元升至55.05元,维持华润啤酒(00291.HK)「买入」投资评级,上调目标价由67.82元升至85元,维持李宁(02331.HK)「买入」投资评级,上调目标价由47.95元升至62.15元。
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