《大行報告》花旗削碧桂園(02007.HK)目標價至0.92元 評級「中性」
花旗發表報告指,碧桂園(02007.HK)正處於經營困難時期,銷售表現惡化,令公司正面臨階段流動性壓力,可用資金減少,目前管理層已致力提升現金流及降低成本,並獲控股股東提供66億元無抵押貸款的支持。
展望未來,該行預期碧桂園將致力於保交付及維持現有在手土地儲備資源開發;並預期會進行各種債務管理工作,冀解決流動性壓力;以及優化企業組織結構。
考慮到流動性壓力、上半年銷售額下降與錄得虧損等,花旗大削碧桂園目標價,由1.6元降至0.92元,評級從「中性」改為「中性/高風險」。
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