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《大行報告》花旗下調萬洲(00288.HK)目標價至5.79元 評級「買入」
花旗發表報告指,萬洲(00288.HK)第二季核心淨利潤按年下降 32%,比該行預期低15%。雖然內地業務營運利潤增長3%,但美國豬肉業務營運虧損擴大至2.77億美元。積極因素是公司在上半年主動將美國生豬產能減少6至7%,以降低未來美國利潤的波動性。 內地業務方面,萬洲上半年建立低成本的豬肉庫存,預計下半年受惠中國生豬價格上漲。 該行將萬洲今明兩年淨利潤預測分別下調28%和15%,目標價由7.21元下調至5.79元。評級「買入」。
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