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《大行報告》中信証券首予新世界(00017.HK)「買入」評級 目標價19元
中信証券發表評級報告,新世界(00017.HK)作為為數不多同時佈局內地與香港地區的港資開發商,在兩個市場均具備一定的市場影響力和實戰經驗。公司在香港的農地儲備具備較高的轉化價值,內地市場戰略聚焦核心區域銷售去化有較好支撐。 中信証券指,伴隨兩地消費持續回暖,公司的K11系列明星主力產品線有望貢獻投資物業的長期成長動能。此外,公司圍繞地產主業持續精簡優化業務結構,不斷處置非核心資產,財務槓桿有望穩步優化。考慮到公司淨負債率水平仍然較高,且報表內仍有部分非核心資產,但未來即將有較多優質項目集中投入營運貢獻業績。 中信証券預測,新世界在2024財年至2026財年的各年營業收入分別為958億元、985億元、及1,016億元,而核心淨利潤則分別為113億元、129億、及151億元。中信証券首予新世界(00017.HK)目標價為19元,其評級為「買入」。
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