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許偉龍先生(Anthony Hui)
高級交易員

現任職輝立高級交易員,對投資股票經驗豐富。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:
36533066

中國蒙牛乳業有限公司 (2319)

Friday, September 24, 2021 Views5657

中國蒙牛乳業有限公司 (02319.HK)

業務概要: 集團的主要業務為在中國生產及銷售優質乳製品,包括液體奶產品(乳飲料及酸奶)、冰淇淋及其他乳製品(如奶粉、奶酪等)。

 

基本資料 :

現價: $50.1

市值: 1,978.16億

市盈率: 46.86

 

周息率: 0.638%

52週高/低: $53.85 /$35

10天/50天/250天平均價 : $48.645/ $45.147/ $43.753

 

業務回顧:

截至2021年6月30日止的中期業績,蒙牛乳業的收入增長22.3%至459.05億元人民幣。純利增長1.43倍至29.47億元人民幣 。收入增長由於公司持續推進產品創新升級貢獻明顯。

 

評論:

第一,由蒙牛生產的Minion冰淇淋在北京環球影城景區成為了爆紅款式。試運行期間,蒙牛冰淇淋工坊單店日銷售額便超過了12萬元,打破了外資冰淇淋店的銷售紀錄。相信蒙牛冰淇淋工坊單店將會成為冰淇淋業務增長的催化劑。

 

第二,在原奶漲價的成本壓力下,公司通過產品結構升級及費率的有效管控,淨利潤率增速超出預期。

 

第三, 公司大力發展傳統電商、O2O到家及社群營銷等在線銷售渠道,更繼續積極推進渠道下沉及「鎮村通」等策略,並進一步推動「智網」系統在各業務的使用  。

 

第四,公司未來將針對市場對營養健康的關注及對奶類製品日益增加的需求,繼續集中發展市場需求龐大及具備高增長潛力的產品,向高端、有機、低脂、減糖、功能等方向邁進 。

 

第五,股價走勢呈多頭排列,並於近期市況波動中顯現強勢,預期10天線水平會有支持。

 

 

買賣策略
買入價: $48.6

目標價: $60

止蝕價: $43.7

 

資料來源: 披露易,2021年中期報告,阿斯達克

 

註:本人許偉龍為證監會持牌人士。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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