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《大行報告》摩通:內需股受疫情衝擊 防守首選蒙牛及康師傅等
摩根大通發表報告指,今年首兩個月中國內地零售銷售按年增長6.7%,表現優於市場預期的3%。對於整體消費行業,假設Omicron疫情將於4月或5月結束,市場預計今年行業銷售及盈利將按年分別增長13.7%及24.8%,因行業大部分公司宣布的指引是令人鼓舞。 該行表示,由於近期上海疫情的發展,估計市場預測數字面臨下調的風險加劇,認為未來三至六個月將是內地消費行業最困難的時期,尤其是餐飲和零售行業,並不會對商店關閉、停業、供應鏈中斷、行業利潤損失和破產等情況出現感到驚訝。 在未來六至十二個月,摩通建議投資者採防守態度,消費行業首選蒙牛(02319.HK)、康師傅(00322.HK)及統一企業中國(00220.HK)。
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