You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》中金下調統一(00220.HK)目標價至6.5元 原材料價格仍有不確定性
阿思達克 11-10 15:32
中金發表報告指,統一(00220.HK)首三季淨利潤按年升28.1%,剔除合肥廠處置收益,估計核心淨利潤按年增長6%;單計第三季淨利潤按年11%,符合該行預期。第三季飲料業務在高基數下,銷售穩健增長,食品收入跌幅收窄,成本壓力緩和令毛利率改善,淨利潤率按年提升。 該行指,統一10月份飲料業務保持增長,但方便麵銷售仍然面對高基數壓力。公司開始為春節備貨,包括預制菜品類,飲料資源投入部分傾斜至餐飲及禮盒包裝,預計銷售增速自明年1月按月有望逐漸修復。成本方面,目前白糖價格按月回落,預計成本壓力有望進一步緩解,利潤增速有望繼續高於收入表現。 考慮到原材料價格仍有不確定性,該行將今明兩年盈利預測,分別下調5%及7.2%,由於市場估值下行,目標價下調19%至6.5元,維持「跑贏行業」評級。(cy/u) ~
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.
uSMART
Wealth Growth Made Easy
Open Account