大行评级丨高盛：微降华润啤酒目标价至34.73港元，重申“买入”评级_老虎社区_美港股上老虎

大行评级丨高盛：微降华润啤酒目标价至34.73港元，重申“买入”评级

中金财经03-24

高盛发表报告指，在参与华润啤酒业绩发布会后，对公司看法转趋更为正面。管理层重申将持续推进高端化，并已为2026年下半年餐饮渠道的逐步复苏做好产品推广及新产品推出的准备，同时重申中期派息比率目标提升至60%至70%。该行因应华润啤酒2025年经常性EBIT表现稳健，上调润啤今明两年净利预测约1%。但考虑到外围年份成本压力增加，该行将目标价由35.4港元下调至34.73港元，基于2027年预测17倍...

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