大行評級|大摩:下調華潤啤酒目標價至30港元 下調2024至26年盈測
摩根士丹利發表報吿表示,下調對華潤啤酒2024至2026年淨利潤及經常性經營淨利潤預測6%至9%,主要基於需求平淡下調低對啤酒及酒類銷售預測1%至3%,並基於次高端或以上級別產品增長預測下調,下調毛利率預測0.5至0.8個百分點,以及政府補貼減少導致2024年其他收入下降。該行預測潤啤去年銷售跌1%,今年銷售升1%。去年經常性經營利潤跌5%,今年則增長8%。該行對潤啤目標價由34港元降至30港元,反映2024年至2026年盈利預測下調。
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