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大行評級|建銀國際:上調康師傅目標價至14.3港元 維持“跑贏大盤”評級
格隆匯 03-27 10:09
建銀國際維持康師傅“跑贏大盤”評級,目標價由12.2港元上調至14.3港元。該行指,康師傅的去年淨利潤增長20%,達到37.34億元,比該行的預期及市場共識分別高出4%及5%,原因是毛利率擴張超出預期。由於價格上漲和家庭消費需求下降的負面影響,方便麪銷售額下降了1%,飲料銷售額增長了1%。康師傅增加了營銷力度,以期恢復市場份額。該行將康師傅今年的盈利預測上調3%,以反映該行對更高利潤率的假設,這考慮到了近期由消費情緒改善和有利政策支撐的行業重新評級。
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