《大行報告》法巴升中海外(00688.HK)合理值至30元 評級「買入」
法巴發表報告指,中海外(00688.HK)去年12月銷售反映緩慢改善的趨勢,意味去年上半年曾見最差情況已結束,將其合理值由26元升至30元,評級「買入」。
該行估計,中海外去年收入應該較該行原先預測高出約15%,至2,037億元人民幣,相當於按年下滑15.9%。該行將中海外今年收入預測上調7%至2,273億元人民幣,但仍然預計公司在明年前不會恢復到2021年的收入水平。
該行指,由於中海外長期以來專注於中國較大和較富裕城市的項目,因此其銷售表現較專注低線城市的發展商更佳。
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