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《大行报告》汇丰研究上调旺旺(00151.HK)目标价至8.12元 评级「买入」
阿思达克 06-23 10:12
汇丰环球研究发表报告指,中国旺旺(00151.HK)截至今年3月底止2019财年的收入及纯利分别下跌3%及上升5%,较该行预期分别低6.2及6.9个百分点,相信增长逊预期的主要原因是第四财季的产品需求下滑。而管理层提到,撇除第四财季,集团大米饼乾、乳制品饮料和休闲食品於首三财季分别录高单位数增长、中单位数增长及低单位数下跌。

该行维持对旺旺股份「买入」评级,目标价由7.59元上调至8.12元,但调低集团2020及2021财年的纯利预测分别4.4%及2.9%,以反映刚过去财年的收入及纯利增长低於预期。该行认为,新产品零售销售的显着增长,及新渠道和海外市场的开发好过预期,可成集团的催化剂。

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