Market Brief

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Author

伍洛桓先生(Gary Ng)
助理經理

畢業於美國加州大學聖地牙哥分校。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。
Phone:
36533000

統一企業中國控股有限公司 (0220.HK)

Monday, August 19, 2019 Views491

以「統一」品牌在中國製造、銷售飲料及方便麵。

 

基本資料 :

 

現價 : $8.59

市值 : $371億

市盈率 : 32.3

市賬率 : 2.46

周息率 : 3.19%

52週高/低 : $9.97 / $5.75

10天/50天/250天平均價 : $8.77/ $8.88 / $7.72

 

主要股東 :

統一企業股份有限公司        70.65%

 

 

評論:

統一企業中國自1992年起,以台灣最大食品及飲料公司統一企業集團分公司身份營運,於國內生產及銷售「統一」品牌之飲料及方便麵。集團之主要飲料產品為果汁飲料及即飲茶,亦生產及銷售奶茶、咖啡、礦物質水、冷藏果汁及酸奶產品。方便麵產品主要為碗麵、袋裝麵及乾脆麵等。

 

集團公佈了2019年上半年度為人民幣114.69億元,較去年同期上升2.2%。其中方便麵業務收入錄得人民幣42.68億元,同比增長2.8%。飲料業務在上半年收入錄得人民幣67.95億元,較去年增0.6%。其中奶茶事業增長較強,錄得14.3%增長,穏居奶茶品類領導地位。集團毛利額為人民幣41.95億元,較去年同期增加11.7%。毛利率為36.6%,較去年同期之35.5%上升3.1%。收入上升主要受惠於「湯達人」生活麵和「統一阿薩姆奶茶」的持續增長,而毛利率上升主要由於原材料價格下降、中國政府減稅降費之優惠政策之及集團持續優化其產品結構等所致。集團持續以消費者生活方式推進並開發多種新型態食品,結合既有的方便

麵事業,在多元的場景提供便利的飲食方式,結合時代進步對生活品質需求的

提升,豐富食的方式與風味,與消費趨勢同步發展。2018年集團進軍自熱生活料理領域,首發「煮時光」「重慶老火鍋」後,再推出「泰式冬陰功」口味。自熱飯食「開小灶」,以創新開發如同實質的「鍋氣」,還原出現場烹飪的菜肴,主打戶外消費場景,針對出門在外用餐不便的時機,上市以來深受消費者好評。集團未來將在產品結構上持續優化,各品牌精準定位,以價值營銷持續提升品牌價值,並且不斷創新以滿足消費者需求。

 

 

建議買入價: $8.38

目標價: $10.0

止蝕價: $7.70

 

註:本人伍洛桓為證監會持牌人士。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。

 
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