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《大行》高盛首予安井食品(02648.HK)「買入」評級 目標價72元
阿思達克 08-11 10:54
高盛發表研究報告指,首次給予安井食品(02648.HK)「買入」評級,目標價72元,指出安井食品是中國速凍食品市場龍頭企業,2024年以6.6%市佔率位居行業首位,預期憑藉卓越營運能力、規模效益、廣泛渠道覆蓋及成熟產品開發經驗,可維持市場領導地位。 憧憬到市場競爭逐步正常化,以及產品結構向更高端的2C產品傾斜,高盛預測安井食品的毛利率明年起可輕微回升,目前預測2025年淨利潤率將從2024年的9.8%回落至9.5%,主要由於市場競爭的持續影響。但對其長期前景持正面看法,預計到2027年利潤率將擴展至10.2%。
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