大行評級|花旗:下調頤海國際評級至“中性” 目標價降至13.7港元
花旗發表報告,將頤海國際的評級由“買入”降至“中性”,以反映公司盈利前景遜預期。雖然管理層仍對今年第三方銷售呈雙位數增長作爲目標,主要動力來自於面向企業的業務、海外市場以及通過新產品推動的方便食品業務,但由於受到日曆變動影響,加上惡劣天氣導致小龍蝦季推遲開始,令公司今年首季銷售持平。
該行預期,頤海國際不利的銷售組合變化及價格競爭,對第三方業務的毛利率造成壓力。考慮到對公司銷售和毛利率預期被下調,該行將其今明兩年的預測下調各16%及19%,目標價由16.4港元降至13.7港元。
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