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《大行報告》大和上調旺旺(00151.HK)目標價至8.6元 評級「買入」
阿思達克 12-02 09:48
大和發表報告指,與旺旺(00151.HK)行政總裁及財務總監等高級管理層舉行了業績後會議,討論了「旺仔牛奶」銷量強勁增長的推動力、計劃明年1月加價是否能抵銷大宗商品成本壓力(80%產品按年加中至高單位數),及銷售渠道的發展。 該行表示,在毛利率方面,由於低成本的奶粉庫存已逐漸使用,集團會於農曆新年銷售期間爲銷售商提供更多支援。而管理層預期明年1月起加價的正面影響,會帶到於明年4月開始的2023財年。 大和調升旺旺2022至2024財年收入預測3%至10%,以反映產品均價提升,及乳制飲品的銷量勢頭較預期強勁。該行同時將集團股份目標價由7.9元升至8.6元,評級維持「買入」,並調升其2023至2024財年每股盈利預測3%至4%,主因回購後股份數量下降。
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