《大行報告》高盛下調世茂集團(00813.HK)目標價至31元 評級「買入」
高盛發表研究報告指,世茂集團(00813.HK)去年核心盈利按年增長17%,較市場及該行預期低2%及4%,考慮到業績表現及集團即將新開業項目與土地收購,將2021至2023年每股盈利預測下調3%、5%及6%。
高盛指,世茂於去年底成功達到「三條紅線」全部要求,回款能力及經營現金流水平有改善,潛在分拆有助擴大股本基礎,加上公司積極控制債務水平,優化債務結構,認為資產負債表增強將在未來推動更高質量增長,維持「買入」評級,目標價則下調6%至31元。
該行預期,世茂首季預售額達670億元人民幣,以5,550億元可售銷售額及60%去化率計,今年集團預售額可達3,330億元人民幣,按年增長10%,符合其全年目標。
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