大行评级｜摩根大通：康师傅在消费市场中具备下行保护评级“增持”

格隆汇2025-08-12

摩根大通发表研究报告指，康师傅控股(上半年销售按年跌2.7%，(撇除资产出售收益)经调整盈利升12%，大致符合市场预期。该行将康师傅的表现与统一企业中国作比较，两间公司的EBIT利润率均扩张1.7个百分点，分别为9.2%及9.6%。康师傅的即食面市场份额损失已正常化，将有利于公司下半年的销售增长转正。饮料业务面对竞争加剧和需求放缓，可能仍面临挑战。该行认为，由于康师傅拥有高股息率，其在中国消费市场...

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大行评级｜摩根大通：康师傅在消费市场中具备下行保护 评级“增持”

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大行评级｜摩根大通：康师傅在消费市场中具备下行保护评级“增持”