《大行報告》匯豐研究下調旺旺(00151.HK)目標價至7.4元 評級「買入」
匯豐研究發表報告指,旺旺(00151.HK)的主要原材料(奶粉、糖、棕櫚油及鋁包裝材料)的價格在今年顯着上升,於今年10月該等原材料價格分別按年上升了23%、4%、67%及52%。考慮到有關原材料佔總成本近50%,該行預期集團今年的毛利率及盈利能力會受壓,雖然相信集團可透過調升銷售價格及控制生產成本舒緩成本壓力,但認爲原材料價格上升的壓力難以完全抵銷。
該行將旺旺今年毛利率預測降低1.1個百分點至47.4%,而今明兩年盈利預測亦分別降1.9%及1.8%,目標價相應由8.12元降至7.4元,維持「買入」評級。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.