《大行》瑞银降中国飞鹤(06186.HK)目标价至3.2元 上半年业绩逊预期

阿斯达克财经
Yesterday

瑞银发表研究报告指,中国飞鹤(06186.HK) 上半年收入及纯利均逊于市场预期,出生率下跌及行业竞争加剧等结构性逆风持续,影响了核心婴幼儿配方奶粉业务。报告提到,飞鹤管理层预期全年收入稳定,毛利率按季大致平稳,并重申全年派息比率不低于70%。该行下调飞鹤2026至28财年盈测17%至18%,以反映不利的人口结构趋势及行业竞争持续带来盈利压力,但基于管理层的最新指引,下调其资本开支预测。该行将公司...

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