Market Brief

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梁文軒先生 (Eddie Leung)
助理經理

現任職輝立助理經理,對投資股票、期權經驗豐富。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。
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青島啤(168)

Tuesday, March 26, 2019 Views1443

青島啤於1993年7月在港交所和8月在上交所上市。集團業務是製造啤酒、銷售啤酒及與之相關的業務。在國內擁有56家啤酒生產企業,是目前國內歷史最久、規模和市場份額最大的啤酒生產商。其生產的青島啤酒營銷世界70餘個國家和地區。集團以青島啤酒為主品牌,以山水、漢斯和嶗山為第二品牌。。

 

- 按照中國會計準則,截至2018年9月止九個月,集團營業額增加1﹒1%至236﹒41億元(人民幣;下同),股東應佔溢利上升12﹒3%至21億元。於2018年9月30日,集團持貨幣資金為141﹒27億元。

 

- 按照中國會計準則,2018年上半年度,集團營業額微升0﹒6%至151﹒54億元(人民幣;下同),

股東應佔溢利增長13﹒4%至13﹒02億元。

 

期內業務概況如下:

 

(一)期內,集團共實現啤酒銷量457萬千升,較去年增長0﹒9%。主品牌青島啤酒共實現銷量222萬千升,較去年上升4﹒9%,其中奧古特、鴻運當頭、經典1903、純生啤酒等高端產品共實現銷量96萬千升,較去年上升6﹒8%;

(二)來自中國大陸地區之營業額增長0﹒8%至148﹒24億元,佔總營業額97﹒8%;來自中國香港及澳門之營業額下降18﹒2%至1﹒01億元;其他海外地區之營業額減少1﹒7%至2﹒29億元

(三)於2018年6月30日,集團持有貨幣資金134﹒66億元,短期及長期借款則分別為2﹒85億元及82萬元。

 

按照2018業績表現,集團營業額和股東應佔溢利均錄得增長。相信青島啤將來可以做得更好。

 

參考資料來源:

www.etnet.com.hk

目標價: 36元

 

建議買入價:32.5元

 

止蝕位:30.35元

 

本人為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持

有<168>證券的所有相關財務權益

 

 
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