《大行》花旗料蒙牛(02319.HK)今年经营利润率重新扩张 目标价升至21.1元

阿斯达克财经
Jan 27

花旗研究报告指,在中国大型消费必需品企业中,预期蒙牛(02319.HK) 的今年周期性盈利复苏将较同业更为显著。随着去年第四季销售按年跌幅稳定于高单位数水平,预计去年全年经营利润率将按年下降30个基点,仅略低于其指引。该行预期集团销售额将于今年1月至2月恢复至高单位数增长,全年有望增长5%。随着原奶价格在今年中周期性回稳,加上正面经营杠杆及比较基数较低,公司的经营利润率将于今年重新扩张;目标价由...

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