大行评级|高盛:首予安井食品“买入”评级及目标价72港元

格隆汇
Aug 11

高盛发表研究报告指,首次给予安井食品“买入”评级,目标价72港元,指出安井食品是中国速冻食品市场龙头企业,2024年以6.6%市占率位居行业首位,预期凭借卓越营运能力、规模效益、广泛渠道覆盖及成熟产品开发经验,可维持市场领导地位。憧憬到市场竞争逐步正常化,以及产品结构向更高端的2C产品倾斜,高盛预测安井食品的毛利率明年起可轻微回升,目前预测2025年净利润率将从2024年的9.8%回落至9.5%,主要由于市场竞争的持续影响。但对其长期前景持正面看法,预计到2027年利润率将扩展至10.2%。

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