里昂:维持统一企业中国(00220)“跑赢大市”评级 上调目标价至9.3港元

智通财经
06 Mar

智通财经APP获悉,里昂发布研报称,维持统一企业中国(00220)“跑赢大市”评级,目标价由7.2港元上调至9.3港元。该行上调该股今明两年盈测达4%至5%,并上调估值基础,由预测未来12个月市盈率13倍升至16倍,以反映更高增长预期,及市场在对整体消费复苏信心不足下对高息股兴趣升温。

里昂指出,统一企业中国去年收入及盈利同比升6%及11%,大致符合该行及市场预期。公司今年指引收入增长较去年加快,该行认为基于今年以来强劲销售,可达成有关指引。该行估算原材料价格对公司今年盈利率影响持平,但毛利率料同比改善0.7个百分点,受惠产品组合及效率,并使今年盈利料同比升15%。该行指公司近期股价上升反映产品加价预期,但公司管理层表示没有计划加价。

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