招商证券国际:上调康师傅控股(00322)目标价至13.6港元 评级“增持”

智通财经
Aug 13, 2025

智通财经APP获悉,招商证券国际发报告指,基于康师傅控股(00322)于多个关键因素发生的积极变化,如利润率更具韧性、下半年销售复苏趋势明确,及原材料成本依然有利等因素,该行小幅上调集团2026-2026年盈测,并上调评级由“中性”升至“增持”。基于2025年底17倍的预测市盈率,该行上调康师傅控股目标价0.7%,由13.5港元升至13.6港元。受集团最新销售指引影响,下调今明两年销售预测约2%。因原材料成本的利好从而推动集团净利润预测上调约3%,该行亦上调其毛利率预测一个百分点。

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