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《大行報告》野村下調萬科(02202.HK)目標價至24.5元 評級「買入」
阿思達克 04-04 10:28
野村表示,萬科(02202.HK)去年業績差過預期,預計 2022-2024年萬科開發業務的毛利率介乎約18%-20%,重拾盈利動力的空間有限。野村將萬科2022-2023年的盈利預測分別下調20%和24%,目標價由30.1元下調至24.5元,維持「買入」評級,短期內認為其H股股價催化劑有限。 另一方面,該行認為萬科進一步鞏固了其在非房地產開發業務領域的領先地位,尤其是在物業管理領域。該行仍然相信,經過多年的穩健有機擴張,萬科擁有一流的住宅物業管理業務。
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