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《大行报告》里昂升旺旺(00151.HK)评级至「跑赢大市」目标价上调至6.3元
阿思达克 06-19 10:36

里昂发表研究报告,指中国旺旺(00151.HK)截至今年3月底止2018财年业绩表现,略好过该行预期,虽然收入仍然疲弱,但不论是毛利率及派息比率方面都好过预期。公司年度派息率上升至大约83%,以现股价计股息收益率介乎4%至5%。在持续的产品组合改进、增值税削减、售价上升剩余影响,以及有利的原材料价格等因素下,预期其毛利率将会在未来数季保持上升。

由於公司的估值不高,加上股息收益率吸引,因此看到有短期买入机会,将其投资评级由原来的「跑输大市」上调至「跑赢大市」,目标价原来的6元调高至6.3元。虽然如此,仍对公司的长期前景保持审慎态度。

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