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《大行報告》大和引述潤啤(00291.HK)指爭取盈利持續增長 不會犧牲盈利達到擴大市場份額
阿思達克 11-15 15:26

大和發表報告表示,華潤啤酒(00291.HK)近日出席了該行舉行的投資者會議,投資者最關注明年產品能否加價、與喜力中國的整合進程,及產能削減情況等。潤啤管理層指,今年上半年公司旗下高端啤酒位銷量45%,期內收入及銷量按年升7%及2.6%,而喜力業務在今年5月及6月貢獻3億人民幣收益,管理層料中間價格產品亦見改善。

該行認為,優越啤酒市場正增長,由於內地市場缺乏競爭分銷者,公司管理層料優越啤酒市場於未來5至10年可持續高速增長,可藉產品整合提升冀爭取平均售價。但該行引述潤啤管理層指目標爭取盈利持續增長,而非以犧牲盈利為目的達到擴大市場份額。而公司拒絕評論短期加價的可能性。

該行表示,維持潤啤「買入」投資評級。

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