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《大行報告》富瑞降頤海國際(01579.HK)目標價至12.5元 下調盈測
阿思達克 01-11 09:44
富瑞發表評級報告,預料頤海國際(01579.HK)去年下半年銷售跌2%,惟純利升1%,而毛利率則按年改善0.7個百分點至32.1%,主要是原材料成本較低及在不同類別的銷售組合改變。 該行預料,去年下半年方便食品需求仍疲軟,主要是高基數影響、自疫後重開以來市場出現更多選擇、及顧客口味改變。至於第三季,在低基數下,調味料增長復甦,但由於農曆新年末和消費情緒疲軟,於第四季再次走軟。 該行表示,將公司在2023年、2024年及2025年純利預測下調2%、7%及9%,而銷售預測則下調5%、7%及8%;至於2024年,公司核心關注第三方火鍋及複合調味料,並料公司未來將開拓更多海外業務、自營線上渠道及擴大B2B客戶群。 該行將其目標價由18.3元下調至12.5元,維持其評級為「持有」。(ca/cy) ~
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