智通财经APP获悉，摩根士丹利发布研报称，维持华润啤酒(00291)“增持”评级，目标价由30港元升至34港元。该行认为，未来数月的看点会在需求复苏的速度以及行业中竞争情况的改变，料今年的经营利润会录得8%增长，今年至2027年的每股盈利预测分别为1.64元人民币、1.85元人民币以及2.05元人民币。
大摩指出，华润啤酒今年首两个月的正面销售增长及毛利扩张，管理层对今年业务进一步改善表示更积极。该行指出，啤酒高端化依然为主要动力，加上提高对经营效率的关注，有助今年盈利增长较好。
该行指，华润啤酒管理层料今年销售及平均售价会录得增长，加上啤酒毛利扩张，对产品及渠道多元化有更高的关注。另外，管理层亦提到，目标喜力今年的销量增长可维持在双位数水平，而其他品牌的增长步伐可录得改善，亦料烈酒业务可录得双位数的销售增长。管理层亦计划在今年提高派息比率至60%或以上。
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