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港股异动 | 蒙牛跌逾3% 大和指其业绩逊预期 降目标价
格隆汇 03-27 15:40
格隆汇3月27日丨蒙牛(2319.HK)跌逾3%,报25.8港元,总市值1015.4亿港元。

大和发表最新报告,蒙牛上年业绩差过预期,但下半年有望重拾增长,料股价仍有两成升幅。报告指出,扣除一次性减值及收益,蒙牛纯利按年升27%至38亿元人民币,仍比大和估计少4%,主要是收入逊预期,同时加大广告开支所致。
大和续称,蒙牛管理层相信上半年收入会下跌,主要受到新型肺炎影响,但下半年有望重拾双位数增长,同时营运毛利率亦有望再度扩大。基于新型肺炎影响,同时调低雪糕销售预测,以及估计广告开支增加,故大和降今明两年蒙牛每股盈利预测9至11%,达至1.04和1.47元人币,目标价则由32.6港元降至31.8港元,但仍予“买入”评级,折合25倍预测今年市盈率。

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