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《大行報告》招銀國際下調青啤(00168.HK)目標價至88.9元 評級「買入」
招銀國際發表報告指,青島啤酒(00168.HK)次季純利增長14%至20億元人民幣,收入按年升8%至110億元人民幣。該行預料,公司在高端化和成本效率方面的持續優勢可提高利潤率擴展至下半年。 該行指,青島啤酒管理層一直進行價格調整的討論,基於現時購買力欠佳,故今年加價機會不大,但公司選擇性上調了部分具有強勁品牌定價能力高的地區的售價,料下半年或會出現類似機會。 招銀國際表示,將青島啤酒今年盈利預測維持大致上不變,並將其目標價由92.9元下調至88.9元,維持其評級為「買入」,同時視青啤為行業首選之一。(ca/w) ~
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