《大行报告》大和下调富力(02777.HK)目标价至19.8元 维持「买入」评级
大和发表报告表示,就富力地产(02777.HK)配售2.57亿股新H股,每股配售价9.82元,集资25.2亿元,相信公司配股集资以降低负债比率,相信有利长远发展,并认为其负债问题可控。
该行指,重申对富力地产「买入」评级,下调对对其目标价,由原来21.1元降至19.8元,相当对其每股资产净值(NAV)预测28.3元折让30%。
大和料,富力配股令其2020年至2022年每股盈利摊薄介乎2%至7%,但这将有助於确保资产负债表更健康。该行认为降低债务水平合乎富力长期发展利益,集团在战略上更专注。
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