《大行報告》麥格理微升現代牧業(01117.HK)目標價至3.44元 評級「跑贏大市」
麥格理髮表研究報告指,現代牧業(01117.HK)日前發盈喜,預期上半年淨利將按年增長103%,主要由於原料奶平均售價及銷售收入錄得雙位數增長、毛利率保持穩定及經營效率提升所致。
該行指,在原料奶供應短缺下,該公司很大情況從價格上升中受惠,同時成本管控措施有助抵消部分較高的飼料成本。
麥格理預期原料奶價格上半年將增長十數個百分點至每公斤4.39元人民幣,並預期全年可按年增長12%至4.62元人民幣,將2021至2022財年經常性利潤預測上調2.3%及4.1%,目標價由3.4元微升至3.44元,維持「跑贏大市」評級。
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