一文綜合券商於新地(00016.HK)公布業績後最新評級、目標價及觀點
新鴻基地產(00016.HK)今早股價造好,最新95.6元升1.6%。匯豐環球研究表示,新地截至今年6月底止全年度業績遜預期,純利下跌4%及全年度每股派息維持,雖然樓市正面臨挑戰,但料新地旗下物業銷售及租務改善,維持對新地「買入」評級,將目標價由118元降至117.5元。
新地公布截至今年6月底止全年業績,營業額777.47億元,按年跌8.8%。純利255.6億元按年跌4.2%;每股盈利8.82元。維持派每股末期息3.7元符預期。期內,集團基礎溢利錄得287.29億元,按年下跌3.8%,輕微遜預期(本網綜合6間券商預測,全年基礎溢利預測中位數為297.06億元);每股基礎溢利為9.91元。
新地全年度來自物業銷售的溢利為158.47億元,按年下跌24.5%。集團銷售進度受疫情影響,按所佔權益計算,在年內錄得合約銷售總額約335億元。集團年內的總租金收入為248.1億元,與去年相若,淨租金收入按年上升1%至192.5億元。
【績略遜預期 觀樓市挑戰】
里昂發表報告表示,新地2022財年業績令人滿意,憧憬本港對海外遊客重新開放將有利於本地企業,但與內地通關時間,認為未來不太可能提高股息,尤其是考慮到住宅房地產市場艱難,加上預期房地產銷售放緩,該行其新地於2023財年至2024財年盈利分別下調8.8%及4.7%。該行將其目標價由86.5元下調至84元,維持「沽售」評級。
高盛表示,新地2022財年下半財年每股盈利按年跌9%,低於該行原預期20%,主要是物業發展入賬較低,該行維持對新地「中性」投資評級,上調對其目標價118元升至121元。
----------------------------------
下表列出9間券商對其評級及目標價:
券商│投資評級│目標價(港元)
瑞信│跑贏大市│131.7元->130.7元
高盛│中性│118元->121元
海通國際│跑贏大市│130.7元->117.8元
匯豐環球研究│買入│118元->117.5元
摩根大通│增持│116.7元
花旗│買入│116.6元->114.6元
美銀證券│中性│100元
里昂│沽售│86.5元->84元
瑞銀│沽售│80元
券商│觀點
瑞信│2022財年業績大致符預期
高盛│2022財年下半財年物業入賬較低,維持「中性」評級
海通國際│本港新屋銷售勢頭依然良好,惟NAV預估下調降目標價
匯豐環球研究│上財年業績遜預期,預計物業銷售和租賃業務將有改善
摩根大通│具有足夠定價靈活性,可從從二級市場搶佔市場份額
花旗│預計2022年至2025財年租金復合年增長率7.6%,下調目標價
美銀證券│2022財年業績符預期,降2023財年及2024財年核心盈利預測2至4%
里昂│住宅銷售市場面臨挑戰
瑞銀│2023財年將推售5個大眾住宅項目
(ta/w)
~
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.