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《大行報告》野村降金科服務(09666.HK)評級至「中性」 目標價下調至15.1元
阿思達克 08-02 10:26
野村發表報告指,金科服務(09666.HK)計劃向母公司金科股份貸款15億元人民幣,引起對公司營運獨立性的憂慮,將其評級由「買入」下調至「中性」,目標價由37.7元大削至15.1元。 該行認爲,關聯方借貸可能會對金科服務業務經營造成損害,因預計母公司在房地產市場低迷的情況下,流動性進一步惡化,不太可能償還貸款。即使抵押品的價值達到40億元人民幣,遠高於貸款金額,但由於大部分資產是停車場和地鋪,難以出售,如果母公司不能付款,金科服務將難以處置這些抵押品並獲得現金流入。
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