高盛发布研报称,统一企业中国(00220)上半年收入及净利润分别同比升10.6%和33.2%,较高盛预测高出8.5%及27.4%,并超出市场预期8.4%及26.6%。另外,虽然棕榈油价格上涨,但食品业务的产能利用率持续提升,令该业务EBIT同比升32%,大幅超出高盛预测45%。该行重申对公司的“中性”评级,并将目标价由10.3港元调升至10.6港元。
该行微调统一2025至27年的销售预测1%,上调净利润预测2至3%。由于市场竞争持续激烈,该行下调饮料销售及EBIT利润率预测2.4%和0.3个百分点,另上调即食面业务EBIT利润率预测0.8至0.9个百分点,以反映销售势头改善及产品组合强化。
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