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招銀國際:維持華潤啤酒(0291.HK)買入評級 升目標價至91.9港元
格隆匯 06-07 13:21

招銀國際報吿指,將華潤啤酒(0291.HK)目標價由81港元調高至91.9港元,相當於2022年預測市盈率50.4倍,維持買入評級。

該行稱,潤啤上調高檔品牌產品的銷售目標,2025年目標由316萬KL(千升)調高至400萬KL,而2020至2025年次高檔或以上產品銷量的年均複合增長目標亦由16.7%上調至22.3%。上調高檔產品銷售目標的主要原因包括集團執行高 檔化的策略奏效、同業未有加劇競爭、藝人王一博和龔俊最近成為品牌代言人,以及喜力贊助的全球體育盛事有助推動喜力中國的銷量。

該行調高對集團2022至2023年經調整每股盈利預測4至5%,以反映更高的次高檔或以上產品的銷量預測。

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