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《大行報告》里昂下調潤啤(00291.HK)目標價至65元 評級「買入」
阿思達克 05-20 10:31
里昂發表報告指,近期與華潤啤酒(00291.HK)管理層討論了業務年初至今的表現。雖然疫情破壞生產及物流,但集團今年首四個月銷量僅下跌低單位數。而集團沒有停止高檔化,首四個月次高檔以上的產品銷量有雙位數增長,推動整體均價錄得高單位數的上升,毛利率亦可按年維持。 里昂下調潤啤股份目標價,由72元降至65元,評級維持首選「買入」。該行相信,大部分市場憂慮已反映,由於近期成本增長情況有所緩和,加上進取提價及去年下半年比較基數容易,集團的前景料會有改善。
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