研報掘金丨光大證券:維持安井食品“買入”評級,有望通過新品穿越週期
光大證券研報指出,隨着安井食品(603345.SH)全國化產能佈局逐步完善,過往的銷地產模式進一步升級為“產地研” +“產地銷”新品開發和推廣模式,在全國性流通大單品可選擇較少的背景下,挖掘具有區域性機會的屬地化大單品,補充增長動能,實現可持續的穩健增長。儘管外部消費環境仍然有所承壓,但公司多品類多渠道豐富佈局,有望通過新品穿越週期,屬地化轉型亦有望挖掘增量來源,鞏固龍頭地位,市場地位穩固,多品類增長驅動力強,維持“買入”評級。
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