研報掘金丨信達證券:維持東鵬飲料“買入”評級,二季度盈利能力改善明顯
信達證券研報指出,從業績預吿來看,東鵬飲料(605499.SH)二季度盈利能力改善明顯,認為收入高速增長下、規模效應攤薄費用投入。2024Q1在東鵬補水啦等新品的帶動下,其他飲料收入同比+257%至3.77億元,收入佔比同比+6.6pct至10.8%,展望二季度,認為以補水啦為核心的其他飲料收入有望延續一季度高增的趨勢。公司在廣東省內持續深耕,而省外不斷優化經銷體系、完善業務團隊,認為公司能量飲料有望在全國市場保持較好增長,而補水啦有望憑藉公司優秀的渠道能力實現全國增長。維持“買入”評級。
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