《大行報告》大和下調富力(02777.HK)目標價至19.8元 維持「買入」評級
大和發表報告表示,就富力地產(02777.HK)配售2.57億股新H股,每股配售價9.82元,集資25.2億元,相信公司配股集資以降低負債比率,相信有利長遠發展,並認為其負債問題可控。
該行指,重申對富力地產「買入」評級,下調對對其目標價,由原來21.1元降至19.8元,相當對其每股資產淨值(NAV)預測28.3元折讓30%。
大和料,富力配股令其2020年至2022年每股盈利攤薄介乎2%至7%,但這將有助於確保資產負債表更健康。該行認為降低債務水平合乎富力長期發展利益,集團在戰略上更專注。
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