李慧芬

現代牧業(1117.HK)

2015-01-06

2015年奶價將穩定化,現代牧業(1117.HK)股價吸引

在去年12月中旬,現代牧業(1117.HK)被多間大行唱淡,因成本降和奶牛養殖過多,以及環球價格難有反彈,預計內地奶品價格在2015年跌幅或超預期,全面調低乳業股盈測,目標價削20%-58%不等。令現代牧業(1117.HK)下跌至1.90元之下。

但剛踏進2015年,有大行認為公司股價已過度反映原奶價格跌幅,並預期今年第三季起奶價將會穩定化。並預期2015年的奶價平均售價每公斤4.65元人民幣,反映估值及2015年下半年盈利潛在上升,若以9倍市盈率計算,股價吸引。

建議投資者於2.30元之下買入現代牧業(1117.HK),目標3.2元。

(The above displayed are just writers’ own opinions and for readers’ reference only. Financial markets are volatile and please be careful of the risks.)NOTICE

Investment involves risk. It is as likely that losses will be incurred rather than profits made as a result of buying and selling investment and financial products. Before investment, you should be aware of all the risks involved and carefully consider your investment objectives, trading experience, and level of risk acceptance. If you have any question, please seek advice from an independent professional advisor.

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