Market Brief

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Author

伍洛桓先生(Gary Ng)
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, October 11, 2021 Views6921

以「統一」品牌在中國製造、銷售飲料及方便麵。

 

基本資料 :

 

現價 : $7.24

市值 : $313億

市盈率 : 16.02

市賬率 : 1.90

周息率 : 6.26%

52週高/低 : $10.01 / $6.15

10天/50天/250天平均價 : $7.31/ $7.46 / $7.94

 

主要股東 :

統一企業股份有限公司        71.45%

 

 

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2021年上半年度為人民幣130.07億元,較去年同期上升10.1%。其中方便麵業務收入錄得人民幣43.98億元,飲料業務在上半年收入錄得人民幣78.60億元,較去年同期增長25.0%。其中奶茶事業增長較強,錄得25.4%增長,繼續穩居奶茶品類領導地位。集團毛利額為人民幣45.33億元,較去年同期增加7.3%。毛利率為34.8%,較去年同期之35.8%下降1.0%。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,而毛利率下降主要由於大宗原物料價格上漲所致。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。

 

集團預期於2021年下半年在中國有效控制疫情的狀態下持續穩定發展,線上線下渠道融合發展將成為大勢所趨,集團於2021下半年將力推全新煮麵品牌「飛刀削麵」,為消費者還原傳統刀削麵勁道口感,並主張於線上傳播和銷售,將這高品質的特色煮麵帶給更多消費者。

 

建議買入價: $7.00

目標價: $8.58

止蝕價: $6.30

 

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。

 

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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