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大行評級|美銀:上調農夫山泉評級至“買入” 目標價一舉升至40港元
格隆匯 12-02 13:28

美銀證券發表研究報吿,將農夫山泉的投資評級從“中性”上調至“買入”,上調今明兩年原已高於市場預期的盈測各1%及5%,現較市場預期分別高出4%及7%,目標價則從29.5港元一舉上調至40港元。

美銀預測,輿論風波的負面影響正在減弱,料農夫山泉今明兩年銷售各增長10%及15%,未來一至兩年水產品市場份額或可重回2023年水平,同時東方樹葉在無糖茶領域領先,且茶飲產品增長空間龐大。該行亦指出,農夫山泉擁有具韌性利潤率,預測淨利潤率今明兩年達到27.7%及27.8%,好過市場預期。該行預期,行業價格戰明年將持續,但競爭格局不會較今年再度惡化,相信市場情況會趨向穩定。

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