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《大行報告》花旗下調雅居樂(03383.HK)、富力地產(02777.HK)、龍光地產(03380.HK)及越秀房託(00405.HK)目標價
花旗發表報告指,由於整體市場具挑戰,下調對越秀房託(00405.HK)、雅居樂(03383.HK)、龍光地產(03380.HK)及富力地產(02777.HK)的預測、目標價、估值倍數及資產淨值折讓。 其中,越秀房託股份目標價由3.15元下調至1.56元,主因在利率上升環境下股本成本提高,評級維持「中性」,並輕微調低集團今年至2024年每單位分派預測0.7%至1%,反映最新的租金、出租率及利率假設。 該行將雅居樂股份目標價由4元下調至1.85元,反映今年預測市盈率由原來的2倍降至1.5倍,評級維持「中性」,並調低集團今年至2024年每股盈利預測12%至20%,主因銷售及毛利表現下降。 至於龍光地產股份目標價由2.5元下調至0.42元,反映資產淨值折讓由原來的80%擴至85%,評級維持「中性」,並調低集團今年至2024年每股盈利預測95%至97%,主因上半年業績及首九個月銷售表現疲弱。 花旗又將富力地產股份目標價由2.7元下調至1.1元,主要基於資產淨值折讓目標由70%擴大至85%,評級維持「沽售」,今年至2024年的每股虧損預測亦調高14%至15%。 股份│評級│目標價 雅居樂(03383.HK)│中性│4.00元→1.85元 富力地產(02777.HK)│沽售│2.70元→1.10元 龍光地產(03380.HK)│中性│2.50元→0.42元 越秀房託(00405.HK)│中性│3.15元→1.56元
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