大行评级|瑞银:轻微下调颐海国际目标价至15.8港元 维持“买入”评级

格隆汇
14 Jul

瑞银发表研究报告,预测颐海国际2025年上半年收入及净利润将按年持平,分别达到29.5亿及3.1亿元,第三方销售料录中单位数增长,关联方销售则预计下跌中至高单位数。受到火锅调味料降价影响,该行预测颐海中期毛利率将轻微下跌最多1个百分点。 瑞银相信,未来投资者将较关注公司毛利率稳定性,去年关联方业务毛利率已降至约14%,而第三方业务毛利率亦受到调味料降价的拖累,因此将今年全年收入及净利润预测小幅下调1%及4%,至分别69.57亿及8.3亿元,目标价由16港元轻微下调至15.8港元,仍维持“买入”评级。

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