高盛:青岛啤酒(00168)持续推进高端化 予“买入”评级 目标价为61.4港元

智通财经
Oct 28

智通财经APP获悉,高盛发布研报称,青岛啤酒(00168)正持续推进高端化进程,给予“买入”评级,目标价为61.4港元,对应2026年预测市盈率约15.2倍。

青啤第三季营业收入录88.8亿元人民币,同比跌0.2%,略低于该行预期的增长1.3%,纯利录13.7亿元人民币,同比增长1.6%,亦低于该行预期的增长8.8%。期内销量同比仅增长0.3%,产品平均售价下跌0.5%,均逊于该行预期的增长0.9%及0.4%。毛利率同比提升1.4个百分点至36.1%,逊于该行预期的36.7%,相信是由于产品定价疲弱所致。按细分市场划分,次高端及以上产品销量同比增长6.8%,于总销量占比提升至43.6%,对比去年同期为41%。

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