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《大行報告》花旗:潤啤(00291.HK)銷售增長有望重新加快 展開30日正面觀察
花旗發表研究報告指,華潤啤酒(00291.HK)5月份銷量顯著恢復,當中5月下旬恢復速度加快,估計5月份銷量按年比較基本持平,考慮到中國各地逐步重新開放,預期6月初端午節假期銷量按年升幅將較5月下旬進一步改善。 該行表示,雖然夏季的天氣因素及疫情影響仍存在不確定性,但公司估計6月餘下時間銷售將繼續正常化。 花旗預計,6月至8月為中國啤酒行業銷售旺季,隨著各地持續重新開放,市場對中國啤酒行業的看法更加樂觀,考慮到年初至今百威亞太(01876.HK)表現出眾,以及青島啤酒(00168.HK)近期進行配股,預計投資者對華潤啤酒會更有興趣。 花旗相信潤啤第三季銷售增長將加快,加上公司專注於高端化策略,決定對其展開30日正面觀察,維持「買入」評級,目標價72.55元。
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