《大行》瑞銀微降頤海(01579.HK)目標價至15.8元 料上半年收入及淨利潤持平
瑞銀發表研究報告,預測頤海國際(01579.HK)2025年上半年收入及淨利潤將按年持平,分別達到29.5億及3.1億元人民幣,第三方銷售料錄中單位數增長,關聯方銷售則預計下跌中至高單位數。受到火鍋調味料降價影響,該行預測頤海中期毛利率將輕微下跌最多1個百分點。
瑞銀相信,未來投資者將較關注公司毛利率穩定性,去年關聯方業務毛利率已降至約14%,而第三方業務毛利率亦受到調味料降價的拖累,因此將今年全年收入及淨利潤預測小幅下調1%及4%,至分別69.57億及8.3億元人民幣,目標價由16元輕微下調至15.8元,仍維持「買入」評級。
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