研報掘金丨浙商證券:五糧液估值具備性價比,維持“買入”評級
浙商證券研報指出,五糧液(000858.SZ)2024年業績符合預期,25Q1業績略超預期。認爲25年公司深化改革,依託控量挺價、組建銷售公司、搭建平臺公司三重抓手,在理順量價關係、維持經銷商利潤、去化庫存的同時,強化面向直銷和團購的C端爲主的網絡體系,促進組織效率提升,兼顧今年穩健發展和中長期佈局,看好公司25年營業總收入與宏觀經濟指標保持一致的目標達成。估值具備性價比,維持“買入”評級。
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