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《大行報告》富瑞下調蒙牛(02319.HK)目標價至41元 評級「買入」
阿思達克 09-06 12:01
富瑞發表研究報告指,蒙牛(02319.HK)管理層指,由於原奶價格和產品結構優化,預計今年自身業務將錄得中至高單位數增長,並維持營運利潤率擴張50個基點的指引不變。管理層又預期,中國消費者對超高溫滅菌牛奶和鮮奶的消費高端化持續,而超高溫滅菌酸奶需要透過創新吸引消費者,奶酪在中國的滲透率則料有所提升。 考慮到公司對自身業務增長及今年收入的預測,該行下調其2023至25年的收入預測5至8%,期內的盈測亦相應下調3至4%,目標價由46元降至41元,維持「買入」評級。
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