《大行》高盛微降蒙牛(02319.HK)目标价至22.8元 维持“买入”评级

阿斯达克财经
Jun 25, 2025

高盛研究报告指,蒙牛乳业(02319.HK) 旗下现代牧业(01117.HK) 发盈警,料上半年净亏损扩大至8亿至10亿元人民币(下同),而去年同期为亏损2.07亿元,公司解释是由于原奶价格低迷引致的生物资产亏损,料EBITDA可大致按年持平。报告指,年初至今乳制品零售需求仍然低迷,上半年缩减供应的速度慢过预期,因每头乳牛的单位产量仍在上升、政府对奶牛场财政支持,以及饲料费用下降。不过,公司认为...

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