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》匯豐研究升農夫山泉(09633.HK)目標價至45.4元 料去年業績強勁
阿思達克 01-23 09:55
匯豐研究發表報告指出,農夫山泉(09633.HK)過往憑藉著強勁的執行力,盈利持續超過市場預期。該行料去年在茶飲料強勁勢頭的推動下,公司的盈利將再次有驚喜,將其去年收入增長預測由20%上調至26%,茶飲料增長預測亦由50%上調至80%。 另外,該行指由於農夫山泉去年下半年瓶級PET原材料成本按年下降,預期公司去年毛利率按年擴大1.5個百分點至59%。目前該行對公司去年純利預測為114.11億元人民幣,較先前增長10.3%。 展望今年,該行認為消費增長壓力可能持續,雖然對農夫山泉的執行紀錄有信心,但尚未做好調高其增長預測的準備,該行維持對公司今年收入增長預測16%大致不變,毛利率料按年持平。考慮到今年與去年相比,廣告宣傳費用及成本率按年增長,導致對公司今年純利預測僅增長5%。另將公司2023至2025年收入年均複合增長率由原預期的15%微升至16%,但純利年均複合增長率則由15%下調至12%,主要由於對整體消費環境持謹慎態度。 匯豐研究維持農夫山泉「持有」評級,目標價由44.3元上調至45.4元,相當於2024年預測市盈率37倍,股息率達2.4%。
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