大行评级|大和:上调农夫山泉目标价至54港元 预计上半年净利润按年增长20%

格隆汇
25 Jul

大和发表研究报告,预计农夫山泉今年上半年收入按年增长18%,净利润按年增长20%。展望下半年,因娃哈哈争产事件及新产品冰茶的潜在贡献,大和预计农夫山泉下半年收入及净利润按年增长,将较上半年加速。根据大和分析,尽管市场竞争激烈,但农夫山泉在有效的推广及品牌实力下,其包装水及无糖茶饮品实现了强劲增长,预计其包装水收入于今年下半年,按年增长21%至90亿元。 因销售增长预期提高,大和将农夫山泉2025至2027年每股盈测上调4%至8%;维持对该股“买入”评级,并基于预测合并2025至2026年市盈率35倍计,将12个月目标价从40港元上调至54港元。

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