《大行報告》高盛下調世房(00813.HK)目標價至33.8元 維持確信買入
高盛發表報告指,世茂房地產(00813.HK)去年核心盈利按年增長23%至105億元人民幣,較該行及市場預測分別低10%及3%。
該行預期,基於5,000億元的可售資源及60%售罄率計算,預期集團今年的合約銷售額將達3,000億元人民幣,按年上升15%,符合其目標。而管理層亦提到,今年3月的銷售表現強勁,線上銷售的轉化率為80%,或使上月的預售金額達200億元人民幣,按月增長207%,按年增長4%。
高盛下調對世房股份目標價10%至33.8元,評級維持「確信買入」,並下調集團今年至2022年每股基本盈利預測分別19%、16%及14%,以反映毛利率較低的趨勢、項目入賬減慢、租賃組合需求突然中斷,及最新的土地收購。
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