研報掘金丨中金:維持酒鬼酒“跑贏行業”評級,下調目標價23%至48元
中金公司研報指出,酒鬼酒二季度動銷仍承壓,公司聚焦紅壇、妙品等產品推廣。且公司表示未來若有定製產品將會對規模和經銷商能力提出更高要求。由於公司動銷與回款存在較大壓力,下調2025年盈利預測81%至1.02 億元,引入2026年盈利預測1.49億元。考慮公司馥鬱香型獨特,且品牌在湖南、華北等地有較好的消費者認知度,長期看仍有較大發展空間,下調目標價23%至48元,維持“跑贏行業”評級,目標價有19%的上行空間。
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