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大行評級|建銀國際:上調中國旺旺目標價至5.8港元 中期業績大致符預期
格隆匯 11-27 12:09
建銀國際發表報吿指出,中國旺旺2025財年中期業績大致符預期,期內淨利潤按年增長8%至18.63億元,與該行預期大致相符,但略低於市場預期,主要由於收入增長不及預期,儘管毛利率擴張強勁。收入下降4%,因受到休閒食品業務銷售下降10%的影響。該行預期,旺旺2025財年第三季銷售回升,主因受近期的消費刺激措施所影響;旺旺拓展海外渠道;與主要零食專賣店的合作。公司計劃向其經銷商提供更多營銷及分銷支持。該行預期,旺旺2025財年下半年在米餅、乳製品及休閒食品等業務分別實現1.6%、2.5%及3.3%的銷售增長帶動下,公司2025財年下半年收入預測增長2.4%。該行將其目標價由5.5港元上調至5.8港元,維持“跑贏大市”評級。
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