《大行報告》高盛升頤海國際(01579.HK)評級至「中性」 目標價31.62元
高盛發表報告表示,將頤海國際(01579.HK)評級由「沽售」上調至「中性」,目標價爲31.62元。
報告補充,頤海的銷售夥伴合作模式支持了公司過去5年的快速擴張,2015年至2020年銷售年複合增長率達45%。其主要產品包括火鍋湯料、中式湯料和方便食品,隨着低線城市滲透率的提高,新產品的推出和生產效率的提高,預測公司於2021年至2025年收入及盈利年複合增長率均爲15%。
該行指,看好頤海在複合調味品和方便食品方面推出的新產品,但考慮到投資增加,預計該等產品在近期和中期的利潤貢獻將很低。自從該行在2021年7月7日將該股加入沽售名單以來,頤海股價已累跌39%,認爲股價調整已反映關聯方和方便食品銷售增長放緩因素。
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