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《績後表現》新地(00016.HK)大裂口低開10.8% 全年基礎溢利降16.9%遜預期
阿思達克 09-11 09:46
藍籌新地(00016.HK)全年度基礎溢利按年減約17%遠遜預期,該股今早(11日)大裂口低開10.8%,報78.75元後,初段曾跌見77.1元創逾十四年低,現報78.7元,跌10.9%,成交661.5萬股,涉5.195億元。 新地公布截至6月底止全年純利按年減少6.5%至239.07億元,每股盈利8.25元,末股期息按年維持3.7元。期內,總營收按年減少8.4%至711.95億元,低於本網綜合4間券商預測介乎753.06億至811.88億元。期內,集團基礎溢利按年減16.9%至238.85億元,低於本網綜合3間券商預測介乎262.6億至279.53億元,主要受物業銷售溢利減少所拖累。全年度混合毛利率按年降9個百分點至36%。 里昂發表報告指,雖然新地於2023財年將派息率提高至60%,但管理層重新調整股息預期,並表示將從2024財年起恢復至介乎40%至50%派息率政策。因此,該行認為,鑑於新地核心業務面臨不利因素,2024財年可能會削減股息。為反映低於預期房地產銷售和利潤率,該行降新地2024及2025財年淨利潤預測分別16.9%及18.2%,目標價亦由95元大削至79.5元,並維持「沽售」評級。
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