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《大行報告》花旗升統一(00220.HK)目標價至9.82元 評級「買入」
花旗上調對統一食品中國(00220.HK)目標價,由8.79元上調至9.82元,維持「買入」評級。該行上調對公司今明兩年銷售預測7%及9%,以及淨利潤預測3%及2%。 該行指,基於對食肆渠道更佳的滲透,強化的產品創新及分銷渠道管理改善,管理層料今年銷售按年升8%至12%,五年內達到年銷售額500億元人民幣。該行又指,公司拒絕上調飲品及麵類平均售價,預期投入成本放緩帶來的毛利率擴張,將紓緩基於內地經濟重啟帶來的行政開支上升。 報告亦引述管理層指,公司今年首兩個月銷售增長動力理想,尤其在茶飲及果汁方面,預期食肆渠道銷售有具大增長潛力,後者貢獻飲品銷售6%至8%。
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