《大行報告》麥格理上調農夫山泉(09633.HK)目標價至31元 評級維持「跑輸大市」
麥格理發表研究報告指,農夫山泉(09633.HK)2022財年下半年的收入增長14.6%,較預期低3.2%;而受惠於一次性的外匯收益推動,淨利潤勝於預期。管理層目標是在今年達到低雙位數的收入增長,並在高成本庫存下令毛利率平穩。
該行認為集團估值過高,維持其「跑輸大市」評級,惟將目標價由25.7元上調至31元,又分別上調其2023及24年的淨利潤預測4.9%和5.4%。
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