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大行評級|里昂:上調統一企業中國目標價至9.3港元 上調今明兩年盈測
格隆匯 03-06 12:41
里昂發表報告,指統一企業中國去年收入及盈利按年升6%及11%,大致符合該行及市場預期。公司今年指引收入增長較去年加快,該行認爲基於今年以來強勁銷售,可達有關指引。該行估算原材料價格對公司今年盈利率影響持平,但毛利率料按年改善0.7個百分點,受惠產品組合及效率,並使今年盈利料按年升15%。該行指公司近期股價上升反映產品加價預期,但公司管理層表示沒有計劃加價。里昂上調該股今明兩年盈測介乎4%至5%,並上調估值基礎,由預測未來12個月市盈率13倍升至16倍,以反映更高增長預期,及市場在對整體消費復甦信心不足下對高息股興趣升溫,目標價相應由7.2港元上調至9.3港元,評級“跑贏大市”。
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