大行评级丨美银：下调华润啤酒目标价至29.1港元，高端化趋势稳健

格隆汇08-21

美银证券发表研报指，华润啤酒上半年收入及高端化趋势稳健，惟受成本及商业投资影响，利润率略为疲软。该行续指，润啤的白酒业务于去年已减值28.8亿元，认为不能排除进一步减值可能，但相信业务对集团的拖累可控。该行将公司2026及27年每股盈利预测分别下调7%，目标价由30.8港元下调至29.1港元，重申“买入”评级。

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