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《大行報告》大和下調日清食品(01475.HK)目標價至6.9元 評級「持有」
阿思達克 03-19 10:04
大和發表研究報告,指日清(01475.HK)公布去年業績,表現符預期,第四季純利為3,800萬元,全年為3.02億元,意味分別跌5%及升30%,同時第四季及全年的經調整純利增30%,符預期。

該行指,內地收入於第四季按年增21.5%,核心經營溢利勝預期,主因銷售及行政開支減少,不過利好因素被第四季稅率上升所抵銷。集團每股末期息派14.05仙,相等於50%派息比率,符合派息政策。

管理層指,農曆年期間,銷售表現穩健,因學生和年輕人均原地過年,未有回鄉,帶動銷售增長。公司在首季使用棕櫚油以控制成本,不過料成本壓力將延至第二季。該行調升2021至22年純利預測1-2%,收入預測亦調升1%,並計入2023年表現預期,維持「持有」評級,目標價由7.5元降至6.9元。

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