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》交銀國際下調新世界(00017.HK)目標價至15.8元 回購債券緩解市場擔憂
交銀國際發表研究報告指,新世界(00017.HK)內地銷售進展順利。今年首十個月,集團在內地的合同銷售總額已達120億元人民幣(下同)。今年7至10月(2024財年首四個月)的銷售額為64億元,佔2024財年內地銷售目標150億元的42%。此外,新世界發展在內地累計土地儲備總建築面積達480萬平方米,當中約60%土儲位於大灣區及長三角地區,預計2024財年可貢獻總可售資源約570億元。新世界發展亦已參與深圳、廣州核心區8個都市更新項目,預計規劃總建築面積達270萬平方米,可售資源總額達800至1,000億元。公司預計深圳龍崗項目將於2025年推出預售。同時,集團目前在規劃中的北部都會區擁有約1,500萬平方呎的農地儲備,預計短期內將透過換地產生約300萬平方呎的土地儲備。 報告提到,集團又宣布了一項收購要約,購買其已發行境外債券本金額最多6億美元。集團預計,此次收購可降低高利率環境下的利息支出,並緩解市場對公司流動性的擔憂。 該行維持集團「買入」評級,目標價由下調至15.8元,主要是反映投資物業公允值下降、高利率環境的影響及目標淨值折讓的上調。不過,由於該股估值已較同業大幅折讓,在很大程度上已反映了市場對其流動性的憂慮。
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