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《大行報告》高盛下調富力(02777.HK)評級至「沽售」 降雅居樂集團(03383.HK)至「中性」
阿思達克 05-28 10:09
高盛發表研究報告,提升對2021至30年中國物業銷售預期,平均調高18%。不過因應「三條紅線」與國家土地政策的變更,預期高峰期將較原先預期2025至26年,延後2至3年才出現,而盈利預測平均調高6%。

該行指,雖然對長遠利潤水平更樂觀,行業估值吸引,但相信周期性因素,如信貸和政策收緊,將會是短期主要的價格增長動力,而股價表現則會因個別公司預期、展望和持續性有所不同。首選維持潤地(01109.HK)與寶龍地產(01238.HK),同例確信「買入」名單;富力(02777.HK)評級則下調至「沽售」,因其資產負債表弱導致增長前景不濟;雅居樂(03383.HK)股價已經跑贏大市,催化劑有限,評級亦由「買入」降至「中性」。

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