《大行》华泰证券升蒙牛(02319.HK)目标价至22.77元 期待今年利润弹性显现

阿斯达克财经
Mar 27, 2025

华泰证券发表报告指出,蒙牛乳业(02319.HK) 去年收入及净利润按年各跌10.1%及97.8%;去年下半年收入及净利润分别按年跌7.4%及转负,符合此前盈警预测。去年经营利润率按年跌1.9个百分点至8.2%,超额完成提升30至50点子的目标,主要受惠于原奶成本下行及各种提质增效措施,但公司喷粉减值金额较大、联营公司现代牧业(01117.HK) 亏损及贝拉米商誉减值损失等使公司净利润承压。展望...

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