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大行評級|摩根大通:上調統一企業中國目標價至10港元 維持“增持”評級
格隆匯 03-10 11:14
摩通發表研究報吿指,統一企業中國去年銷售及盈利升6.1%及10.9%,扣除2023年資產處置收益,調整後盈利年按升31.8%,符合市場預期。今年首兩個月統一飲料及麪條類銷售量均達到雙位數增長,渠道庫存水平改善。這表示零售額強勁,消費者對產品的接受程度不斷提高以及公司擁有強大的食品創新能力。該行指,公司重申沒有計劃跟隨主要競爭對手提高即食麪價格,但會降低折扣水平並改變產品組合。該行預測,今年銷售額及盈利將按年升7.7%和15.5%,受惠毛利率提高70個百分點。該行相信,在充滿挑戰的經濟環境下,公司的穩定業務性質、今年有利的成本趨勢和高股息支付率將受到市場青睞。該行將其目標價由8港元上調至10港元,維持“增持”評級。
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