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港股異動 | 啤酒股普漲 青島啤酒(0168.HK)漲近5%
格隆匯 05-10 09:59
格隆匯5月10日丨啤酒股普漲,青島啤酒(0168.HK)漲近5%,華潤啤酒漲超2%,百威亞太跟漲。中信證券指出,2021年一季度,在低基數和高端化下,龍頭公司實現量價強勁增長;毛利率受益於結構升級及效率提升明顯,銷售費用率有所增長的背景下仍能實現淨利率的提升。展望未來,短期高基數和高成本壓力顯現,預計將對業績彈性產生壓力;中長期看,各家進一步明確了高端化下的戰術,看好高端化下龍頭利潤改善的加速兑現,建議佈局啤酒板塊。國盛證券亦指,受益低基數+餐飲恢復,21Q1迎來全面復甦,啤酒產銷量恢復性高增長。該行認為頭部啤酒品牌高端化加速,產品結構升級能夠覆蓋成本端壓力,Q2進入啤酒備貨動銷旺季,業績有望持續超預期。

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