You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》花旗降龍光集團(03380.HK)評級至「中性」 削目標價至2.5元
花旗發表研究報告,將龍光集團(03380.HK)的投資評級由「買入」降至「中性」,指出雖然公司現時估值較低,但相信投資者要重建對龍光前景的信心仍需一段時日,在流動性挑戰和信用評級下調之後,集團將需要面對市場針對其現金流及償債能力的嚴格審查。 報告指出,龍光正通過放緩建設及收購、加強現金回收速度、處置非核心資產,以及新股配售或股票掛鉤產品籌集資金來增強市場信心。但花旗指,目前不少內房同行已從增長模式轉向生存模式,預期龍光的合同銷售額和收入似乎無可避免將下降,令股息前景蒙上陰霾。 考慮到利潤前景受壓及入賬情況,花旗下調龍光今明兩年每股盈測31%至32%,並改變估值基礎,由原先以今年預測市盈率4倍估值,改爲基於預測每股資產淨值(NAV)折讓約80%,目標價相應由10元下調至2.5元。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account