《大行》里昂降润啤(00291.HK)目标价至31.5元 维持“跑赢大市”评级

阿斯达克财经
Aug 20

里昂发表研究报告指,今年夏天啤酒行业面对挑战,虽然华润啤酒(00291.HK) 的啤酒销量增长及产品结构升级表现优于行业,但利润仍被高企的铝价所侵蚀。该行预期原材料压力将持续至第三季,并于第四季有所缓和。该行表示,润啤上半年销售按年增长1.2%,符合预期;纯利按年跌10.7%,是由于去年出售土地的一次性收益令基数变高;利润率47.7%,逊于预期。该行下调润啤2026至28年纯利预测,以反映需求疲弱...

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