You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
汇丰研究下调嘉里建设(0683.HK)目标价至32港元维持“持有”评级
格隆汇 08-21 14:16
汇丰环球研究发表报告,下调嘉里建设(0683.HK) 目标价,由34.7港元降至32港元,维持“ 持有 ”评级。该行基于下调中港物业业务毛利及销售预期,下调公司今年至2021年盈利预测2%至8%及资产净值8%,目标价则维持目标折让率55%。
该行表示,若扣除去年上半年减值损失,公司实际盈利按年升15%。该行认为公司成功地管理其物业销售业务毛利率,但面对盈利增长失去动力及多重业务挑战。
该行又指,公司在中国租务业务取得稳定增长,但在物业销售业务见到挑战,2019年全年销售目标120亿港元看来具挑战性。公司至今已完成70亿港元合约销售,该行料全年销售为110亿港元。中国合约销售在上半年仅为13亿港元,低于目标的40亿港元,且在已完成的香港豪宅项目“ 缇山 ”仅成功出售3个单位,销售额仅8000万港元。该行认为公司须在销售速度及盈利能力作出平衡,否则面临空置税问题。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account