首予“增持”評級！摩根士丹利發佈珍酒李渡(06979.HK)研報
8月14日晚，摩根士丹利發佈珍酒李渡(6979.HK)研究報吿，首予“增持”評級，稱其是酒類股票首選之一。
研究報吿截圖
作為全球領先的獨立投資銀行，摩根士丹利是最早進入中國的投資銀行之一，已幫助中國企業在全球股票資本市場融資4650億美元，總額在外資銀行中排名榜首，其評級一直被視為市場的風向標。摩根士丹利給予珍酒李渡“增持”評級，是對其整體價值、市場競爭力、企業經營能力的高度認可，將進一步提升珍酒李渡在國際資本市場上的影響力和關注度，吸引更加多元化的投資。
報吿認為，中國白酒行業正面臨供需失衡和去庫存壓力，預計行業2024年至2026年營收年複合增長率(CAGR)為4%。同時，預測珍酒李渡2023年至2025年營收年複合增長率為17%，盈利年複合增長率將達18%。
研究報吿截圖
報吿指出，在行業調整期，珍酒李渡相較於其他競爭對手，仍有三大優勢：一是珍酒李渡“6+8+N”的全國化戰略，覆蓋多個醬酒消費大省，未來將持續受益於醬酒擴容紅利；二是珍酒李渡建立的數字化管理系統，能通過數字追蹤，實時分析經銷商庫存，確保市場庫存良性；三是與同類品牌相比，珍酒李渡的產品給合作伙伴提供了更大的利潤空間。
摩根士丹利預測，憑藉良好增長勢頭，珍酒李渡有望在未來佔據更大的市場份額，達到200億元市場規模。
研究報吿截圖
作為白酒行業近8年來唯一上市白酒企業，珍酒李渡於2023年成功登陸港交所，榮登2023年全球消費行業募資額最大IPO。上市不到4個月，珍酒李渡先後被納入“港股通”和標普全球BMI指數；上市不到8個月，被納入富時全球股票指數系列的四項重要指數，受到國內外資本關注。上市首年，珍酒李渡逆勢而上，實現營收70.3億元，位列中國白酒上市公司第九，高盛、中金公司、中信證券、招商證券等30餘家國內外知名券商機構發佈上百份研報看好。
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.
