《大行報告》摩通降統一(00220.HK)目標價至7.5元 股息吸引評級「增持」
摩根大通發表報告指,統一企業中國(00220.HK)去年銷售額按年增長1.2%,比市場預期低3%,經調整盈利按年增長15.5%,超出市場預期9%。今年統一目標是在新產品(無糖茶和預制菜)和新渠道(旅遊景點/交通樞紐)的推動下,銷售額增長約10%;核心淨利率從去的4.9%提高,但無提供具體數字。
摩通預測較為保守,料今年銷售額和利潤將按年分別增長7%和11%。目前該股股價對應今年市盈率為13.3倍,今年股息率為8.3%,即派息比率為110%,而同行康師傅股價對應今年市盈率為12倍,股息率為7.8%,即派息比率為100%。摩通看好統一具吸引力的股息率等,維持「增持」評級。
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