You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》瑞銀:萬科(02202.HK)會議應有助改善機構投資者情緒 惟有兩個問題尚未解決
阿思達克 11-07 11:20
瑞銀發表研究報告指,深圳國資委昨日(6日)與萬科(02202.HK)管理層進行電話會議,就萬科的經營情況及近期二級市場債券價格波動與金融機構溝通,深圳國資委表明有足夠的資金及資源,會通過一切市場化及合法化手段去幫助萬科。該行相信,會議應有助改善機構投資者情緒,惟有兩個問題尚未解決。 瑞銀指出,萬科合同銷售疲軟,導致現金淨流出的問題仍未解決,估計萬科需要每月合同銷售額要達到335億元人民幣以上,才能達到自由現金流收支平衡,而過去三個月平均每月合同銷售額為288億元人民幣。以過去六個月新增土儲來推算,瑞銀預計未來萬科的合約銷售額可能會恢復至300億元人民幣水平,但相信依然需要加快拿地步伐,以獲得足夠可售資源。 該行又指,雖然萬科有來自主要股東深圳地鐵集團的支持,但由於存在混合所有制結構的潛在風險,預期投資者只有在見到深鐵實際提供無條件支持的情況下,市場信心才會恢復。 瑞銀維持萬科「中性」評級,目標價為11元,2023至2025年每股盈利預測為1.67、1.57及1.76元人民幣,略高於市場普遍預期。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account