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《大行報告》星展上調中國恆大(03333.HK)目標價至18.96元 指負面因素已經反映
阿思達克 09-18 14:25
星展發表的研究報告指,中國恆大(03333.HK)正減慢收購土地、加快預售以增加現金,另外亦正變現新能源車及物業管理業務。星展指出去槓桿現時為公司的主要任務,料2020至2022財年將透過預售優惠、現金回籠及減慢土地收購等削1,500億元人民幣的債務。

該行指出,公司已開始透過新能源車及非物業發展業務募資,該行估計於今年下半年應可籌最多450億港元。該行將公司2020及2021財年盈利預測下調16%及9%,以反映利潤率較低的影響,維持「買入」評級,認為負面因素已在近月調整中反映,目標價由14.3元升至18.96元。

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