金吾财讯 | 统一企业中国（00220）逆市上涨1.36%，暂报7.11港元，成交额171.91万港元。消息面上，高盛研究预计，统一企业中国第三季销售将按年维持大致平稳，受惠于产品组合升级及审慎具弹性的投放，有助部分抵销成本压力，相信利润率具韧性。不过，高盛提到，饮料业务仍将受到疲弱消费情绪及7月至8月不利天气因素拖累，当中奶茶料仍为主要增长动力，即饮茶及果汁则继续面对竞争；高端化及更理性的竞争环境下，方便面料延续上半年增长趋势。基于此，高盛将统一2026至2028年销售预测下调1%至2%，反映饮料销售偏软抵销方便面较佳势头。盈利预期方面，高盛预测统一第三季盈利按年增长约1%，并将今年全年盈利预测上调1.4%，以反映产品组合升级，部分缓解成本压力，令毛利率好于原先担忧，但将2027及2028年盈利预测下调5%至7%，认为原材料成本存在更大不确定性，维持“中性”评级，并将目标价由8.8港元下调至8.36港元。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.