大行評級|交銀國際:下調蒙牛乳業目標價至16.04港元 維持“買入”評級
交銀國際發表研究報吿指,蒙牛乳業上半年業績勝於預期,收入按年跌12.6%;毛利率改善1.9個百分點;營運利潤率改善0.6個百分點;純利跌19%;淨利潤率5.5%。另外,集團維持全年營運利潤率擴展30至50個基點的目標。該行下調集團盈測,考慮到其高端產品及主導產品的市場佔有率持續擴大,且管理層已宣佈計劃未來兩年內將股息分派比率提高至50%,對其長期表現感到樂觀,維持“買入”評級,目標價降至16.04港元。
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.