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Jefferies:龍湖集團折價配售改善現金流,短期行業回調或是買進機會

龍湖集團(960 HK)將增發1億股股份,發行價47港元,較最新收盤價折讓7.48%。

彭博新聞社報道,Jefferies稱,基於龍湖集團的歷史最高估值,該公司折價配售是合理的。儘管地產行業短期可能面臨回調,但給包括旭輝控股、合景泰富和中國奧園等中型地產股提供良好的買入機會,料一季度會出現反彈。

分析師Stephen Cheung等在報告中指出,龍湖集團的配售可能會觸發行業 股價回調,但目前其他開發商跟跟進的可能性很小,因巨大的估值差異和現金流的改善。

折價配售將有助於爲龍湖未來的收購儲備更多現金,因開發商可能將面臨更嚴格的信貸環境。

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