本报告导读：2025 年上半年公司业绩继续承压，中国区需求疲弱与自身渠道调整仍为主要拖累，其中非即饮渠道出现同比改善，其他重点市场如印度、韩国则出现分化。投资要点：投资建议：短 期经营持续承压，但相应逻辑或已演绎较为充分，同时股息率或构筑估值底线，长期看公司品牌价值与经营弹性空间仍大，维持 “增持”评级，关注边际改善信号。我们预计2025-2027年EPS 分别为 0.05、0.06、0.06 ...
Source Link本报告导读：2025 年上半年公司业绩继续承压，中国区需求疲弱与自身渠道调整仍为主要拖累，其中非即饮渠道出现同比改善，其他重点市场如印度、韩国则出现分化。投资要点：投资建议：短 期经营持续承压，但相应逻辑或已演绎较为充分，同时股息率或构筑估值底线，长期看公司品牌价值与经营弹性空间仍大，维持 “增持”评级，关注边际改善信号。我们预计2025-2027年EPS 分别为 0.05、0.06、0.06 ...
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