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《大行報告》傑富瑞降世茂(00813.HK)評級至「持有」 目標價下調至4.92元
傑富瑞發表研究報告表示,對於世茂集團(00813.HK)子公司上海世茂建設日前指,正與中誠信託就一筆尚未償還的6.45億元人民幣貸款進行談判;另據報世茂尋求將三筆資產支持證券(ABS)延期兌付,涉及約14億元人民幣的事宜,認爲世茂中期前景疲弱。 報告補充,雖然公司強調並無拖欠任何公共債務,且上述未償還貸款不會觸發其公共債務的提前償還,但仍認爲有關的未償還貸款將顯着抑制公司的中期經營,進而增加違約風險,或引發進一步的信用降級,可能需時數年才能恢復。 該行將世茂2021至2023年度盈利預測下調15%至23%,目標價由9.06元削減至4.92元,且評級由「買入」降至「持有」,更相信公司未來數年將顯着下調其派息比率。
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