《大行報告》瑞銀微升統一(00220.HK)目標價至6.83元 評級「買入」
瑞銀發表報告指,統一企業中國(00220.HK)截至去年12月底止全年收入、EBITDA大致符合預期;受到稅務開支較預期低的推動,期內淨利潤按年增長逾36%至16.67億元人民幣,高於市場普遍預期的15.76億元人民幣。
撇除2023年合肥工廠處置收益約2.56億元人民幣,該行估算其上年度經常性淨利潤錄14.11億元人民幣。期內麵食產品毛利率及淨利潤率提升至25.5%及0.8%,主要來自於原材料成本下降及更精確的成本控制措施。
惟瑞銀指出,雖然集團毛利率已恢復至2021年水平,但淨利潤率尚未完全復甦,維持「買入」評級,將2024至2026年各年每股盈測各上調3%,相應將目標價從6.64元輕微調升至6.83元。
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.