中金公司研究报告指，万洲国际(00288.HK) 今年次季收入68.33亿美元，按年增长11.8%；经营利润6.61亿美元，按年增长3.4%；剔除生物资产价值变动后的核心归母净利润为3.61亿美元，按年跌8.1%。考虑到去年同期美国子公司收到政府补助8,700万美元，假设剔除此影响，核心归母净利润按年升18%；期内利润符合市场预期。
该行指，中国市场次季肉制品销量按年增长，新兴渠道增长较明显，下半年销量增速有望逐季提高，全年销量和吨利均有望轻微增长。至于北美市场，次季肉制品销量按年轻微增长且吨利保持高位，预计生猪养殖业务下半年仍较乐观；维持“跑赢行业”评级，考虑到近期高派息板块估值均有提升，上调目标价约11%至9.5港元。(ss/w)(港股报价延迟最少十五分钟。沽空资料截至 2025-08-14 12:25。)
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