統一企業中國(0220.HK)暴漲超17% Q3税後淨利潤恢復正增長升4% 超預期
格隆匯11月11日丨昨日創出調整新低的統一企業中國(0220.HK)今日盤中一度拉昇漲17.51%報7.45港元,市值達321億港元。公司昨晚公佈未經審核的財務資料顯示,今年前9個月税後利潤14.89億元人民幣,按年下降11.56%。值得注意的是,公司中期純利為8.47億元。國際投行稱單計第三季度税後淨利潤恢復正增長升4%。高盛最新研報指出,統一企業中國第三季盈利同比升4%,高於預期,主因麪條和飲料業務的彈性利潤增長及更有效的銷售費用支出,這遠遠抵消了第三季度原材料壓力上升及社會保險福利減少帶來的拖累。還稱公司短期內存在一些潛在的積極催化劑,包括價格上漲,可能比同行早先推出更豐富的麪食產品等等。此外,公司還可能考慮將派息率提高到100%以上(假設2021財年派息率為100%,則當前股息收益率為5.5%),故將其目標價由7.8港元提升至7.9港元,維持“中性”評級。美銀證券在最新研報中稱,統一可能會在未來兩週內提高食品和飲料部門的價格,不過原材料成本的不利因素可能會持續到2022年第二季,將其目標價由8.8港元下調11%至7.8港元,重申“中性”評級。另外,麥格理和大和均升其評級至“跑贏大市”,但麥格理將其目標價由8.5港元降至8.2港元,大和將其目標價由8.1港元降至7.3港元。

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