大行評級|高盛:下調百威亞太目標價至14.6港元 維持“買入”評級
高盛發表研究報吿指,百威亞太於2024財年首季業績發佈會提及數個關鍵重點。當中包括,公司品牌於中國市場的高端化發展仍保持穩定,區域擴張趨勢仍然穩固;銷量於今年首季度的比較基礎較為艱難,加上業務發展核心地區的天氣狀況不穩定,亦將繼續影響第二季度表現;隨鋁價進一步下跌,加上大麥成本持續放緩,今年餘下時間或出現更多成本推動因素。
另外,高盛對百威亞太2024至2026財年的銷售預測進行1%內的微調。中國銷量疲弱趨勢被韓國市場強勁勢頭所抵銷。因應韓國市場利潤率勢頭勝於預期,該行亦上調亞太東部地區2024至2026財年EBITDA預測。並因最近的天氣狀況變化,而下調亞太西部地區2024至26財年EBITDA預測。
高盛亦表示,公司於商業投資方面仍保持敏捷,因此將其2024至2026財年的盈利預測下調約2%,同時將其目標價由14.9港元下調至14.6港元,維持“買入”評級。
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.