大行評級|大和:上調青島啤酒目標價至70港元 列爲啤酒行業的首選
大和發表報告,將青島啤酒的目標價由52.5港元上調至70港元,相當預測市盈率18倍(此前予其估值14倍),評級由“持有”上調至“買入”,指其爲該行啤酒行業的首選。該行指注意到3月份青啤的出廠銷量按年增長可能加快至約10%,顯著超越中國啤酒同業。
該行預期青島啤酒第一季營收增長4%,主要來自銷量按年增長3%及平均售價按年增長1%,同時上調2025至2026年每股盈利預測5至11%,以反映2025年銷量以及平均銷售單價預測升幅更高。
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