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《大行報告》匯豐研究上調中國飛鶴(06186.HK)目標價至26.9元 評級「買入」
阿思達克 03-22 10:45
匯豐研究發表研報指,中國飛鶴(06186.HK)去年業績符合預期,市佔率提升,收入按年增長36%,經調整淨利更增長48%,公司目標2024至2028年收入複合增長15%,並預期至2028年配方粉產品以外收入佔比增至50%。

該行預期,集團加強提升產品組合,有助應對出生率下降趨勢,預期2020至2023年配方粉及高端配方粉產品收入將分別複合增長20%及23%。

匯豐研究指,由於市場呈下跌趨勢,將2020至2023年收入增長預測由29%降至25%,預期今明兩年收入跌3%至7%,目標價則由24.7元升至26.9元,因預期2022-2025年收入複合增長率預測由10%升至14%,重申「買入」評級。

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