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大行評級|美銀:上調蒙牛目標價至23.9港元 對未來兩年的復甦感到樂觀
格隆匯 03-28 13:59

美銀證券發表報告指出,蒙牛管理層給予三年毛利指引對股價反應正面,雖然目前收入仍令人憂慮,但該行對其未來兩年的復甦感到樂觀。隨着4D衝擊(需求、通縮、去庫存和業務合併範圍縮減)的影響在一定程度上已經過去,該行預見蒙牛將經歷三階段的復甦,包括盈利復甦(目前正處於這一階段);銷售復甦(料約在今年第二季或第三季實現);原奶週期的轉折點(這可能需要更長時間)。

因此,該行將公司今明兩年的每股盈利預測各上調2%,並將其目標價由21.5港元上調至23.9港元,認爲風險/回報正面,重申“買入”評級。

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