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《大行報告》瑞銀:萬科(02202.HK)分拆萬物雲上市助降低負債 料影響正面
瑞銀髮表研究報告指萬科企業(02202.HK)公佈計劃分拆其物管分支萬物雲上市,認爲有利公司,可助改善負債比率,將其由「三條紅線」中的黃級降至綠級,以及有助投資者注意其非物業業務隱藏價值。 該行指,是次分拆或會爲行業帶來負面影響,因集資額或佔行業今年來集資額的36%至52%,與去年同期多隻大型物管股上市時令行業估值下降的情況相若。該行予萬科「買入」評級,目標價31.6元。
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