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《大行》匯豐研究一舉降華潤飲料(02460.HK)評級至「減持」 目標價大削至8.9元
匯豐研究發表報告指,華潤飲料(02460.HK)發盈警,上半年表現遠遜該行預測。該行對其2025至2027年盈利預測下調45.9%至48.1%,並認爲重建股東信心需時。對其評級由「買入」一舉下調至「減持」,目標價由16.8元下調至8.9元。 報告指,華潤飲料預計2025年上半年盈利按年下跌20%至30%,遠低於該行較早前預測的2025年全年淨利按年增長23.8%及營收按年增長9.2%。管理層指出,行業競爭加劇和渠道投資增加是導致上半年銷售額和利潤率令人失望的主要原因。 在盈警發佈後的會議上,管理層指將暫停發佈盈利指引,因在競爭及管線重組進行中下,盈利可見度仍低。
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