小摩:维持统一企业中国“增持”评级 上调目标价至10港元

新浪港股
10 Mar
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  摩根大通发布研报称,维持统一企业中国(00220)“增持”评级,目标价由8港元上调至10港元。该行相信,在充满挑战的经济环境下,公司的稳定业务性质、今年有利的成本趋势和高股息支付率将受到市场青睐。

  小摩指出,统一去年销售及盈利升6.1%及10.9%,扣除2023年资产处置收益,调整后盈利同比升31.8%,符合市场预期。今年首两个月,统一饮料及面条类销售量均达到双位数增长,渠道库存水平改善,这意味着零售额强劲,消费者对产品的接受程度不断提高,也彰显了公司强大的食品创新能力。该行表示,公司重申没有计划跟随主要竞争对手提高即食面价格,但会降低折扣水平并改变产品组合。该行预测,今年销售额及盈利将同比升7.7%和15.5%,受惠于毛利率提高70个百分点。

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