《大行报告》汇丰研究上调统一(00220.HK)目标价至11.8元 评级「买入」
汇丰研究发表报告指,统一(00220.HK)去年纯利按年增19%,胜预期,毛利跌52点子至35.4%,主因受疫情影响,高利润之饮品销售下跌,不过经营溢利为9.3%,胜预期,主要因营运开支控制较好所致。
该行预期饮品销售强劲的复苏,可抵销原材料成本上升带来的负面因素,从而支持毛利率走势,料今年毛利率稳健地改善,升24点子至35.7%。该行并调升2020至22年每股盈利预测7-9%,目标价由10元升至11.8元,维持「买入」评级。
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