大行評級|麥格理:下調頤海國際目標價至14.8港元 下調2024至26年純利預測
麥格理髮表研報指,頤海國際預測下半年受到新產品增長、渠道滲透及火鍋旺季等因素的帶動,第三方業務將錄得雙位數增幅,預期下半年毛利率表現相對平穩。該公司中期派息比率為89%,麥格理預測今年全年派息比率可達90%,估計股息回報率將達到8%,屬吸引水平。基於火鍋調料產品均價預期下跌,以及市場營銷開支或上升,目前該行將頤海2024至2026年純利預測下調2.1%、3.5%及4.6%,目標價由15港元降至14.8港元,對應2024年預測市盈率15倍不變,維持“跑贏大市”評級。
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