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研報掘金丨開源證券:維持重慶啤酒“增持”評級,盈利能力有望企穩
格隆匯 02-10 16:42

開源證券研報指出,重慶啤酒(600132.SH)預計2024年銷量同比-0.75%,預計主因餐飲消費疲軟、雨水天氣增多等影響,噸價同比-0.4%,主因現飲渠道佔比下降影響。儘管公司面臨餐飲需求疲軟、雨水天氣等不利因素影響,公司將順應市場趨勢,增加非現飲渠道投入、提升非現飲渠道產品結構。2024年公司高端產品庫存有所去化,隨着宏觀政策刺激落地,如果帶動餐飲需求恢復,公司收入規模、盈利能力有望企穩。公司現金流良好,高分紅、高股息有望持續。維持“增持”評級。

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