富瑞:下調頤海國際(1579.HK)目標價至56港元 評級“持有”
富瑞發表研究報吿預期,頤海國際(1579.HK)4至5月的第三方銷售增長持平,相信是由於去年第二季的基數偏高、消費需求疲弱、市場競爭加劇、集團管理體制等因素導致其增長乏力。該行將集團目標價由96港元大幅下調41.7%至56港元,維持“持有”評級。
富瑞表示,集團4至5月的銷售疲弱,管理層在5月調整了“區域長”制度,集團亦增加廣吿營銷活動,推廣自家品牌“快手小廚”,及推出更多新產品以應對市場競爭。
富瑞將集團2021-23年盈測下調12-22%,以反映其第三方銷售低增長及利潤因原材料價格上漲而受壓。該行又下調集團的長遠前景,以反映更加激烈的市場競爭。

Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.