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《大行報告》瑞信下調達利食品(03799.HK)目標價至5.3元 評級「跑贏大市」
阿思達克 07-25 10:57
瑞信發表報告指,看好達利食品(03799.HK)規模擴張及提升短保麵包的效率、持續教育消費者有機豆奶產品、針對能量飲品的渠道激勵計劃及新產品的推出,料上述因素或推動公司未來數年的複合年均增長率收入達到中單位數增長。 該行指,內地封城措施以致今年次季市場需求低迷,尤其能量飲品,料達利食品今年上半年銷量下跌高單位數,包括家庭消費食品錄得低單位數增長、零食則錄得中至高單位數下跌、以及休閒食品錄得雙位數跌幅;該行預料,公司上半年毛利率按年收縮3個百點分及純利按年跌17%。 該行預料,考慮到能量飲品需求強勁回升、以及疫情持續緩和,料今年集團下半年業務持續改善,惟將其今明兩年的純利預測分別下調15%及7%,目標價相應由5.6元下調至5.3元,維持評級「跑贏大市」。(ca/k) ~
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