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《大行報告》美銀證券下調萬科(02202.HK)目標價至18元 評級「買入」
阿思達克 04-03 11:45
美銀證券發表研究報告指,萬科(02202.HK)2022財年業績符合預期,但在新開工項目數量下降52%後,土地儲備和預訂資源減少,意味著土地儲備期限縮短至兩年。因此,該行認為集團通過待定A股配售籌集資金後,恢復土地儲備將會是關鍵,又預計集團將受惠於中國房地產投資信託基金(C-REITs)的加速發展。 該行表示,由於收入下降,將集團2023及24財年的盈測分別下調4%和5%,目標價下調18%至18元,鑑於集團的優質投資物業和具有吸引力的估值,重申「買入」評級。
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