《大行》星展升万洲国际(00288.HK)目标价至9.6元 下半年前景稳健

阿斯达克财经
Aug 14, 2025

星展研究报告指,万洲国际(00288.HK) 中国包装肉品业务销售在2025年第二季按年升1%,主要受惠于精准的销售策略、新渠道拓展及区域市场复苏。管理层预期增长动能将于下半年强化,销量回升可抵消上半年的疲弱表现。虽然营销及人力成本上升,该行预期猪肉价格下跌及营运效率提升可支持盈利创新高(料每吨达4,700元人民币),下半年销售与利润率将逐渐改善。美国市场方面,基于生猪价格平稳及饲料成本下降,市场...

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