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《大行报告》汇丰研究上调中国飞鹤(06186.HK)目标价至26.9元 评级「买入」
阿思达克 03-22 10:45
汇丰研究发表研报指,中国飞鹤(06186.HK)去年业绩符合预期,市占率提升,收入按年增长36%,经调整净利更增长48%,公司目标2024至2028年收入复合增长15%,并预期至2028年配方粉产品以外收入占比增至50%。

该行预期,集团加强提升产品组合,有助应对出生率下降趋势,预期2020至2023年配方粉及高端配方粉产品收入将分别复合增长20%及23%。

汇丰研究指,由於市场呈下跌趋势,将2020至2023年收入增长预测由29%降至25%,预期今明两年收入跌3%至7%,目标价则由24.7元升至26.9元,因预期2022-2025年收入复合增长率预测由10%升至14%,重申「买入」评级。

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