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《大行報告》大和上調統一(00220.HK)目標價至8.4元 評級「跑贏大市」
阿思達克 03-10 09:53
大和發表報告指,統一(00220.HK)昨日公布全年業績及舉行分析師會議,由於去年下半年食品和飲料收入增長較高,整體收入高於該行預期,惟淨利潤低於該行預期2%,毛利率低於該行預期1.2個百分點,主要是由於包裝材料PET成本壓力。 該行指,今年統一對銷售費用保持謹慎,如果同行有激烈的折扣活動,可能不會跟隨,重點仍然放在擴大餐飲渠道、滲透到低線城市,以及品牌投資。該行將其今明兩年收入預測提高8%至10%,淨利潤預測提高1%至9%,以反映可能比預期強勁的收入增長,並將毛利率預測提高0.3個百分點,以反映較低的包裝材料PET成本假設。目標價由7.2元升至至8.4元,維持「跑贏大市」評級。
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