Market Brief

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Author

伍洛桓先生(Gary Ng)
經理

畢業於美國加州大學聖地牙哥分校。對投資股票、期權經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
Phone:
36533000

統一企業中國控股有限公司 (0220.HK)

Wednesday, August 17, 2022 Views5749

以「統一」品牌在中國製造、銷售飲料及方便麵。

 

基本資料 :

 

現價 : $6.82

市值 : $294億

市盈率 : 16.9

市賬率 : 1.75

周息率 : 7.17%

52週高/低 : $8.17 / $5.21

10天/50天/250天平均價 : $7.08/ $6.81 / $6.76

 

主要股東 :

統一企業股份有限公司        72.38%

 

 

評論:

統一企業中國自1992年起,以台灣最大食品及飲料公司統一企業集團分公司身份營運,於國內生產及銷售「統一」品牌之飲料及方便麵。集團之主要飲料產品為果汁飲料及即飲茶,亦生產及銷售奶茶、咖啡、礦物質水、冷藏果汁及酸奶產品。方便麵產品主要為碗麵、袋裝麵及乾脆麵等。

 

集團公佈了2022年上半年度為人民幣139.40億元,較去年同期上升7.2%。其中方便麵業務收入錄得人民幣51.42億元,較去年同期增長16.9%。飲料業務在上半年收入錄得人民幣82.48億元,較去年同期增長4.9%。集團毛利額為人民幣41.98億元,較去年同期下降7.4%。毛利率為30.1%,較去年同期之34.8%下降4.7%。毛利率下降主要由於大宗原物料價格上漲、國際油價及疫情影響運輸費用增加所致。

 

2022年上半年中國部分區域居家辦公成為常態,社區團購、社會團購及團長模式等新行銷模式也加強了方便麵等快消品的滲透率和消費頻次。集團2022年上半年方便麵業務同期增長16.9%,為食品業務的增長動力主要來源。在飲料業務方面,果汁事業收益人民幣14.01億,較去年同期增長25.7%。集團下半年將繼續加大果汁事業的資源投入,從而繼續快速擴大集團果汁市場基本盤。

 

建議買入價: $6.60

目標價: $7.50

止蝕價: $6.25

 

註:本人伍洛桓為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

 

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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