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研報掘金丨招商證券:捨得酒業估值具備吸引力,維持“強烈推薦”評級
招商證券研報指出,捨得酒業(600702.SH)管理層的履新在延續經營穩定性的基礎上為組織注入新活力。會議上強調四個維度戰略堅定,推進組織活躍。市場策略上堅持以價優先,首府戰役推進區域擴張。估值具備吸引力,關注低預期下的驗證,維持23-25年EPS預測為5.31,6.24和7.03元,對應24年14X,維持“強烈推薦”評級。公司全年保底任務有望順利完成,山東、東北等核心區域銷售形勢良好。企業銷售團隊具備較好服務能力,助力市場去庫存,目前庫存在可控範圍內,品味捨得批價基本穩定。
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