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摩通:美的置業(3990.HK)配股陰霾消除 評級維持“增持”
格隆匯 12-11 10:50

摩根大通發表研究報告,指美的置業(03990.HK)宣佈以先舊後新方式配售最多4,000萬股股份,較昨日(10日)收市價折讓6.83%。該行表示,令市場期待以久的配售比預期早了一些出現,相信管理層渴望在各種放寬訊號釋出時,抓住目前行業的漲勢,而現時其估值仍吸引,下限風險有限。

報告稱,隨着流動性改善及配股陰霾消除,相信公司在有更多核心每股盈利強勁增長的證明,以及銷售勢頭穩健的情況下,有望獲逐步估值重評。摩通相信美的置業的股價有望在明年跑贏同業。另外,在其擁有「準國企」特質、較低的融資成本及對人民幣貶值的敏感度較低之下,該行亦喜歡其具有防守性。摩通維持予其“增持”評級,目標價34港元。

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