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《大行報告》瑞信上調潤啤(00291.HK)目標價至84元 評級「跑贏大市」
阿思達克 08-19 10:27
瑞信發表報告將華潤啤酒(00291.HK)2021年至2023年的盈利預測提高1%至2%,以反映更高的利潤率假設,相信從9月開始產品加價能夠作為催化劑,目標價由82元上調至84元,評級「跑贏大市」,仍為該行在中國啤酒領域的首選。 瑞信認為,潤啤在強勁高端化啤酒趨勢所支持下,在2020年至2023年實現EBITDA年複合增長24%的道路清晰。儘管今年第三季度國內出現局部疫情散發的短期不利因素,但管理層重申全年次高檔及以上啤酒30%以上的銷量增長指導,並將明年增長目標定為20%至25%。
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