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《大行報告》中金降百威亞太(01876.HK)目標價16.8%至25.2元 評級「跑贏行業」
阿思達克 06-07 12:17
中金發表評級報告指,百威亞太(01876.HK)受惠於可支配收入增加,高端化正按軌道發展,並享有競爭優勢;管理層相信,直至2030年,中產階段或以上的居民佔公司內地客戶32%,較2021年提升21個百分點,而其超高端、高端、核心加和核心可負擔產品將佔其銷售額的8%、18%、42%和32%。 同時,管理層預料,在2030年,超高端和高端產品貢獻集團毛利佔比分別上升至37%及49%;中金認為,公司亦引領行業基於消費者年齡及消費,而建立高端品牌和產品。中金表示,公司在印度銷量及高端化仍有進一步增長空間,預料公司於內地市場的成功能複製至印度。 中金維持公司今年及明年盈利預測不變,並將其目標價下調16.8%至25.2元,維持其評級為「跑贏行業」。(ca/u) ~
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