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研報掘金|華興資本:下調蒙牛乳業目標價至16.4港元 增長能見度仍然較低
格隆匯 09-05 10:53

華興資本發表報吿指,蒙牛乳業上半年營收較去年同期減少12.6%,淨利較去年同期減少19%。該行預測蒙牛今年下半年收入將按年下跌9.4%。同時預測2025和2026年收入增長將恢復至2.1%,但認為蒙牛的增長能見度仍然較低。

華興資本指,蒙牛在充滿挑戰環境下專注現金流和股東回報,重申“買入”評級,目標價由25.5港元降至16.4港元,認為4.6%的股息率和20億元股票回購計劃對股價帶來有力支持。

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