研報掘金丨國信證券:海天味業港股上市在即,維持“優於大市”評級
國信證券研報指出,海天味業H股6月11日開啓香港公開發售,預計於6月18日公佈發行價格,6月19日在香港聯交所主板掛牌並開始上市交易。目前海天味業已引入8名基石投資者,認購總金額5.95億美元可購入的發售股份數目。本次募集資金將主要用於支持主營業務發展,重點投入產能擴建、技術研發、市場拓展及品牌建設等方面。經過公司的積極調整,依託品牌與渠道的長期積累優勢,公司2024年業績表現良好,充分展現公司應對市場波動的韌性。基於當前渠道調整已趨穩定、庫存管理與渠道信心維持良好態勢,加之管理團隊高效運營,公司未來經營業績有望保持穩健增長態勢。若考慮赴港融資攤薄影響,實現EPS1.23/1.34/1.45元;對應PE 爲32.7/30.0/27.6倍。維持“優於大市”評級。
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