《大行報告》富瑞下調旺旺(00151.HK)目標價至5.9元 評級「持有」
富瑞發表研究報告,指中國旺旺(00151.HK)截至9月底止上半財年銷售額及純利按年分別下降4.8%和23.6%,至分別108億元及16億元人民幣,管理層預計下半財年逆風將會持續,而毛利率應會穩定或逐步改善。
該行認為,隨著防疫政策的放鬆,內地民眾可重新拜訪親友,旺旺線下業務管線將逐漸復甦。考慮銷售和利潤率復甦勢頭疲弱,將旺旺盈測下調10%至11%,目標價由6.9港元下調至5.9港元,維持「持有」評級。
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