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大行評級|里昂:下調維他奶目標價至6.9港元 維持“跑輸大市”評級
格隆匯 06-24 11:18
里昂發表報吿指出,維他奶2024財年下半年毛利擴張可觀,反映其開支謹慎,緩解該行對其潛在不受控制的經營開支成本比率增加的擔憂。展望未來,該行認為在原材料價格下跌及經營開支效率改善的情況下,對公司毛利擴張更有信心。然而,該行對維他奶的內地銷售擴張持謹慎態度。根據渠道調查,即使是在今年1月至6月的低基數情況下,維他奶於內地的銷售仍落後於主要對手。該行將其目標價由9.8港元下調至6.9港元,維持“跑輸大市”評級。
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