Macquarie to enhance the master to outperform rating dnf商人吧

Macquarie: to enhance the master to outperform rating Sina App: Live on-line blogger to guide Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. Macquarie issued a research report, referring to master (00322.HK) is the worst time has passed, the market will Kangshifu re valuation in 2016 second quarter earnings or earnings bottomed out, the gradual recovery of the material, material 2016 and fiscal year 2017 earnings growth of 6.7% and 7.1% respectively. The line of the master rating from "neutral" to "outperform", target price from 8 yuan rose to 10.54 yuan, equivalent to 2018 in fiscal year 25 times forecast earnings (originally 20 times), stock prices rose 26.1%. It pointed out that Kangshifu instant noodles business material gradually out of the double-digit decline, and in the low base, in the next quarter to regain growth. Kangshifu instant noodle sales momentum is expected in September is weak, because of the price strategy, by 4.5 yuan each to 5 yuan (below). However, at that little impact on sales, the impact of 4.5 yuan face instant product portfolio is very small. On the other hand, the "classic" instant noodles from 3.5 yuan price to 4 yuan, the instant noodle business next year gross margin increased from 5.6% to 7.2%. Macquarie said, this year 7 to August last year the weather is hot, drink to stimulate demand, especially in late August. Macquarie believes that the advantage of clearing inventory and stimulate sales in 2017. At the same time, Kangshifu beverage business to show strong, the third quarter because of low productivity losses can be reduced. Macquarie believes that more than 30% of the production capacity has bottomed out. Macquarie Kangshifu beverage sales material in the third quarter of this year and the fourth quarter were up 2% and 7%, and drink pure interest rates will by the year of 0.6% to 2.3% next year, the year after and then increased to 3.1%. Macquarie added, Master Kong has decided several joint venture terminates, Macquarie expected bring $10 million loss in the fourth quarter of this year. The master also plans to divest idle assets to release value, although the time and details yet, but this material improved return on assets (ROA) and strengthen the free cash flow. At ROA master material by the year of 4.5%, 2017 and 2018 in the fiscal year rose to 7.3% and 7.6% respectively. (both) to enter the Sina financial stocks] discussion相关的主题文章: