《大行報告》野村上調日清食品(01475.HK)目標價至7.6元 評級「買入」
香港爆發第五波疫情,加上消息指可能會實行封鎖,引發了一輪恐慌性購買。野村認為,日清食品(01475.HK)成為明顯的受益者,因為其在香港的即食麵市場份額約60%,並由其本地生產設施提供支持。該行將日清食品目標價由7.4元上調至7.6元,維持評級「買入」。
野村將日清食品2022財年香港銷售增長預測由1%上調至6.1%,該公司早前宣布其大部分即食麵產品價格由今年3月起作中單位數上調,是11年來首次,漲價覆蓋了其在中國85%的產品,漲價覆蓋面大於康師傅(00322.HK)和統一企業中國(00220.HK),有助於其在中國的即食麵市場跑贏同行。
野村認為,由於香港的需求異常旺盛,認為香港市場也有可能在2022下半財年提價,毛利率可能在2021財年觸底,隨著價格上漲的生效,預計2022財年毛利率將提高0.8個百分點至32.3%。
野村將日清食品2022-2023財年的銷售額預測上調2.6%-2.8%,主要是為了反映香港銷量上升,因此將 2022-2023淨利潤預測上調2.6%-3.3%。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.