高盛:升新世界(0017.HK)目標價4%至11.8港元 評級維持“中性”
高盛發表報告指,該行微調了對新世界發展(00017.HK)在物業開發及盈利方面的估算,將其2020-2022年每股盈利預測分別下調1%、維持不變及升3%,認為相關轉變影響不大,亦未有改變該行看法,予“中性”評級,將目標價由11.3港元升至11.8港元,此相當預測2020年每股資產淨值折讓55%。
該行認為,新世界發展面對的上行因素包括是其生態系統協同效應好過預期、來自Victoria Dockside方面的盈利貢獻好過預期,並改善可持續現金流表現以派高息,另外亦有機會變現內地的非核心資產。而下行風險則包括是內地物業銷售慢過預期及財務開支高於預期。

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