《大行報告》里昂下調蒙牛(02319.HK)目標價至36.6元 評級「買入」
里昂發表評級報告指,相比啤酒和飲料等餐飲行業,在宏觀經濟疲軟下,液體牛奶廠商於上半年經歷相對溫和的復甦。按行業劃分,主要壓力來自於R-T乳酪反彈,同時超高溫消毒(UHT)牛奶增長勢頭持續,而上游公司仍承壓,主要是原奶價格繼續下跌及餵養成本高,該行料下半年原奶價格持續放緩。該行將蒙牛(02319.HK)目標價由48元下調至36.6元,維持其評級為「買入」。(ca/u)
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