大摩:上调青岛啤酒(00168)目标价至51港元 维持“与大市同步”评级

智通财经
19 May

智通财经APP获悉,摩根士丹利发布研报称,略微上调青岛啤酒(00168)目标价2%,从50港元至51港元,维持评级“与大市同步”。大摩上调对该公司2025-2026年每股盈利预测1-2%,主要原因是:1)“青岛”品牌销售增加,带动收入增长2%;2)略降低公司毛利率预测,反映产品组合方面的压力;3)对经营利润率预测基本保持不表,销售、一般及行政费用(SG&A)有所节省。大摩同时引入2027年每股盈利预测为4.2元人民币。目前预计该公司2025年销售额增长3%,2026年增长4%,盈利各增长8%和11%。

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