《大行報告》花旗降富力(02777.HK)評級至「中性」 目標價下調至7.06元
花旗發表報告表示,相信富力地產(02777.HK)2011年至2022年度首要工作為再融資及減債等,公司亦承諾會繼續去槓桿,但該行指富力每股派息減少,加上估計其未來收購土地進程停滯,將對其2021年至2023年每股盈利預測各下調38%至39%,下調對其每股資產淨值預測35%。
該行稱,富力地產目前估值相當於2021年預期市盈率4.5倍及股息回報8.9厘,惟相信公司需要時間重整資產負債表。
花旗決定下調對富力地產的投資評級,由「買入」調低至「中性」,目標價由10.9元下調至7.06元,相當於對其預測今年每股資產淨值折讓60%。
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