《大行》美银证券看好润啤(00291.HK)行业领导地位 维持“买入”目标价34.3元

阿斯达克财经
Jul 08, 2025

美银证券研究报告,预计华润啤酒(00291.HK) 今年上半年业绩将符合,或略优于市场共识预期(税后纯利增长7%至8%),收入增长约1%(啤酒增长超过2%;白酒下降两位数);营业利润率扩张超过1.5%(受益于毛利率上升及销售及管理费用占比下降);核心税后纯利增长高个位数至10%;税后纯利增长10%或以上(包含与华润置地合作的深圳开发项目带来的非核心收益)。白酒方面,美银预计,因中国近期在官方接待...

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