大行評級|瑞銀:下調百威亞太目標價至14.92港元 市場低估利潤率潛在上升空間
瑞銀髮表報吿表示,相信足夠的現金及有利的市場環球,增加百威亞太考慮進行並的可能性。該行分析指,東盟地區提供合適併購對象,基於可觀啤酒消費、已整合的行業及具吸引力的盈利能力。該行認為,百威亞太公佈去年業績以來股價累跌20%,基本受被剔除於MSCI指數影響,百威亞太股價跌至預測企業價值比率7倍,對比同業及歷史平均有41%及54%折讓,相信目前股價不反映中國市場平均價售價上調,亦忽略公司潛在併購機會。瑞銀把百威亞太目標價由15.29港元降至14.92港元,預測今年企業價值比率10倍,基於預測今年至2026年EBITDA年複合增長率7%。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.