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《大行》中金料衛龍美味(09985.HK)中期收入升升15%至20% 維持目標價17.5元
阿思達克 07-22 10:53
中金發表報告指,預計衛龍美味(09985.HK)上半年收入按年升15%至20%,利潤增速略低於收入增速,基於去年同期的高基數,符合市場預期。毛利率方面,該行預期公司主要通過供應鏈提效、生產人員優化等方式對沖魔芋原料成本上漲的影響。費用方面,預計公司管理費用金額有優化控制空間,估計上半年淨利率端壓力可控,料上半年利潤有望按年升低雙位數。 至於下半年,預計增速有望仍保持與上半年相近,利潤端預計將按年明顯改善,基於去年同期的低基數。該行維持衛龍美味目標價17.5元及「跑贏行業」評級。
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