《大行》大摩下调百威亚太(01876.HK)今明两年盈测 评级“增持”目标价维持9元

阿斯达克财经
Feb 16

摩根士丹利发表研究报告指出,已将百威亚太(01876.HK) 2025年业绩及2026年指引纳入该行的预测。该行下调对其今明两年盈利预测分别12%及14%。鉴于中国境内家庭饮用渠道组合占比增加,该行将2026至2027年的平均售价预测下调2%至3%。平均售价预测被下调导致2026及2027年的毛利率预测分别下调1.1及2个百分点。该行亦上调销售、一般及行政费用比率预测,反映在中国渠道转变的投资,...

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