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貝殼-W(02423.HK)逆市續升近5% 中銀國際指北京二手房減佣實際影響細
阿思達克 09-28 15:45
貝殼-W(02423.HK)(BEKE.US)今日(28日)逆市兩連升,現報40.5元,續升4.9%,成交172.17萬股,涉資6,825.51萬元。 中銀國際發表報告,指前日(26日)有報道指貝殼旗下鏈家下調北京二手房佣金至2%,受消息拖累當日貝殼收挫9%。中銀國際認為市場反應過度,估算對貝殼純利影響少於2%;因北京實際佣金率僅2.2%,而不是傳媒所報道的名義佣金率2.7%。此外,報告料鏈家在減佣後北京市佔可擴張。報告補充,料鏈家的競爭對手難以仿效。 該行降貝殼明後兩年經調整每股盈測分別1.6%至1.7%,維持予其美股「買入」評級,目標價由31.34美元略降至30.86美元,反映其在二手房市場的長期增長前景及貝殼在新房市場市佔擴張。中銀國際稱貝殼現估值相當於預測明年經調整企業價值對EBITDA約16.5倍,屬吸引。
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