研報掘金丨中泰證券:萬科A財務狀況穩健,維持“買入”評級
中泰證券研報指出,萬科A(000002.SZ)前三季度公司營收利潤同比下滑主要因房地產行業大週期往下,市場銷售整體疲軟導致,公司作為行業標杆龍頭,保持了穩健的財務狀況,債務結構優化成效顯著,在多元業務轉型方面持續發展向好。考慮到房地產行業整體下行帶來結轉毛利率承壓及存貨減值因素,調整公司2023-2025年淨利潤預測至222億、226億、233億(原值266億、294億、301億),對應EPS1.86、1.89、1.95元/股(原值2.23、2.46、2.52元/股),維持公司“買入”評級。
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