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研報掘金丨海通證券:海天味業上半年業績承壓,品牌、渠道、產品力優秀

海通證券研報指出,認為海天味業(603288.SH)上半年收入、業績表現承壓,主要還是在於餐飲恢復較慢、行業競爭激勵、部分原材料仍在高位等原因所致。公司也在加快在產品、渠道、終端建設等全面變革,推動員工、銷售人員、經銷商一同轉變思想,爭奪市場機會,通過切實有效的變革,重新獲得新優勢。考慮到公司作為行業絕對龍頭,品牌、渠道、產品力都極其優秀,且在不斷加強,給予公司23年40-50倍PE,對應合理價值區間45.2-56.5元,給予“優於大市”評級。

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