《大行报告》中金首予朝云集团(06601.HK)「跑赢行业」评级 目标价11.8元
中金发表研究报告,首次覆盖朝云集团(06601.HK)予「跑赢行业」评级,目标价11.8元,相当於明年预测市盈率33倍。报告称,看好公司成为内地领先一站式家居护理、宠物护理和个人护理平台的广阔前景。
中金称,公司在内地家居护理行业的杀虫驱蚊市场排名第一,近年积极发展宠物、个人护理领域。其拥有多品类、多品牌、全渠道运营优势明显,新品牌孵化能力强;并拥有多个家喻户晓品牌和成熟品牌孵化体系:其线上线下全渠道覆盖,具深度下沉的全国性销售网络。
报告表示,其成长路径清晰,持续快速成长确定性强,料以家居护理作为基本盘,未来通过产品升级、线上线下渠道拓展,增速有望快於行业。该行料其2020至2022年每股盈利分别17分、23分及31分人民币。
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