You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》匯豐研究下調統一(00220.HK)目標價至9.8元 評級「買入」
阿思達克 03-10 10:17
匯豐研究發表研究報告指出,統一(00220.HK)去年下半年純利6.35億元人民幣,按年跌2.9%,低過該行預期33%;毛利率27.9%遜預期,相對於2021年同期係30.2%,主要由於原材料成本高企(棕櫚油及聚對苯二甲酸乙二酯),以及產品組合不利,利潤率較低的食品類佔總銷售額由2021年的37.8%升至去年的39%。不過,公司透過更好的控制營運支出,減輕毛利率不利因素的影響。 該行預期,統一高利潤類別的增長勢頭將更為強勁,推動今年前景,另預期公司拓展餐飲渠道方面的努力可刺激其飲料銷售額。根據公司管理層預期,在內地大規模放寬疫情防控措施後,對飲料的需求有所回升。 此外,該行將統一今年盈利預測上調5.5%,以反映土地處置的非營運收益和更強的飲料銷售前景,但對明年盈利預測下調4.7%,主要由於在高通脹環境下,預期原材料成本更高的預測。對公司目標價由10元降至9.8元,維持「買入」評級。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account