《大行報告》匯豐研究:啤酒股業績穩健 偏好潤啤(00291.HK)及青啤(00168.HK)
匯豐環球研究發表報告指,雖然內地啤酒月度銷量受到基數效應、天氣、庫存等不利因素影響,但仍預計啤酒行業產品結構的改善和成本壓力的緩解,將可支持主要啤酒企業的毛利率。至於股價,該行認為內灺啤酒行業短期內缺乏催化劑,原因是去年第三季基數較高,而今年第四季對全年銷量貢獻較小。
由中長期角度出發,該行指將繼續關注基本面穩定、盈利能見度高的股票。偏好華潤啤酒(00291.HK)及青島啤酒(00168.HK),目標價分別為61元和96元,因為它們受惠於現場餐飲的復甦和高端化趨勢,均為「買入」評級。
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