《大行報告》高盛升頤海國際(01579.HK)評級至「買入」 目標價下調至21.6元
高盛發表研究報告表示,重新審視調味品行業需求、資本開支及成本趨勢後,認為行業週期正逐漸回暖,並將持續改善,將頤海國際(01579.HK)的投資評級從「中性」上調至「買入」,對面向消費者的複合調味品銷售復甦持樂觀態度,預期在公司的定價策略下滲透率將提升。
該行指出,今年至來頤海的股價累計下跌54%,認為已出現過度調整,預計今年下半年及明年利潤率將回升,加上關聯方業務的價格上升及成本壓力有所緩解,都可成為近期關鍵催化劑,相信現時為入市時機。
高盛指,頤海現價為2023年預測市盈率約18倍,而行業平均市盈率為33倍,香港上市餐飲股平均市盈率為20倍,相應將其目標價由22元下調至21.6元,維持每股盈利預測基本不變。(gc/w)
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