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《大行报告》高盛下调恒大(03333.HK)目标价至15.6元 评级「中性」
阿思达克 04-07 12:09
高盛发表研究报告,指中国恒大(03333.HK)去年核心盈利按年跌70%至57亿元人民币,大幅低於该行及市场预期78%,主因收入增长减慢;非控股权益增加;因战投控股结构重组而录相关亏损35亿元人民币;以及新能源车业务亏损52亿元人民币。

该行降恒大2021至2023年每股基本盈测分别72%、40%及11%,以反映项目入账放慢、销售及行政开支增加、毛利逊预期,以及非控股权益增加等。考虑现有股权投资公允值变动及增加新项目并购後,该行下调恒大今年底止资产净值(NAV)预测及未来12个月目标价预测各10%,目标价降至15.6元,评级「中性」。

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