瑞銀:富力(2777.HK)配股長遠有助降低負債比率 評級“買入”
富力地產(02777.HK)昨日(19日)收市後宣佈,根據特別授權以每股13.68元配售2.73億股新股,折讓約7.19%。瑞銀髮表研究報告指,配售完成後,預期將導致富力每股盈利攤薄約7%,列帳淨負債率則料從6月底的219%降至204%。
該行認為,雖然配售事項將令每股盈利短期內有所攤薄,但相信公司將通過擴大股權基礎,長遠有助降低負債比率,從而減輕投資者對其高負債的憂慮,加上考慮到其舊改項目將帶來大量隱性土地儲備,以明年預測市盈率4.4倍計,給予富力目標價22港元,維持“買入”評級。

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.