大行评级｜高盛：华润饮料日前发盈警下调目标价至12.1港元并降评级至“中性”

格隆汇2025-07-28

高盛发表研究报告指，华润饮料日前发盈警，预料上半年盈利将按年下跌20%至30%，主要由于市场营销投入增加、产品组合调整及渠道改革，公司预期下半年将维持营销及渠道投资力度，从而在持续激烈的竞争环境中维持稳定市场份额。高盛表示仍看好华润饮料的区域饮料业务扩张及渗透潜力，相信生产效率提升将推动包装水业务利润重拾扩张，但由于销售及渠道调整需时见效，将投资评级由“买入”下调至“中性”，目标价由16.4港元...

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大行评级｜高盛：华润饮料日前发盈警 下调目标价至12.1港元并降评级至“中性”

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大行评级｜高盛：华润饮料日前发盈警下调目标价至12.1港元并降评级至“中性”