大行評級|麥格理:下調萬洲國際目標價至7.3港元 預計包裝肉類將拖累首季業績
麥格理髮表研報指,預計由於美國上遊業務強勁反彈,萬洲國際首季營運利潤將按年增長16%。若以全年來看,該行下調了盈利預測,以反映關稅對於美國對華出口業務的影響。該行提及,由於業務重組導致渠道庫存去化及需求疲弱,預計包裝肉類銷量將下降。同時,公司增加員工數量以改善渠道服務,加上銷量下降導致的營運槓桿效應減弱,故預計包裝肉類將成爲2025財年第一季主要拖累因素。麥格理將萬洲國際目標價下調逾4%至7.3港元,給予“跑贏大市”評級。
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