《大行報告》花旗:旺旺(00151.HK)、蒙牛(02319.HK)及潤啤(00291.HK)為今年首選必需品股
花旗發表報告指,旺旺(00151.HK)在乳品和飲料領域持續強勁的銷售增長,是由疫情後乳品行業的發展和創新後的「旺仔牛奶」品牌振興所推動。與其多年前的弱點,即嚴重依賴傳統渠道和單一品牌相比,旺旺已經通過更多樣化的渠道和多品牌產品轉型,以在2022年至2024財年恢復收入增長。
花旗指,根據管理層的說法,從今年1月起,旺旺將其90%的乳製品和飲料產品、80%的米餅和50%的零食出廠價格提高了中單位數,並指在實施加價後對銷量影響輕微。該行料加價將令旺旺毛利率壓力短期內會有所緩解,予「買入」評級,目標價9.21元,並指旺旺、蒙牛(02319.HK)及潤啤(00291.HK)為今年首選必需品股。
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