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《大行報告》星展削新世界(00017.HK)目標價至14.1元 評級「買入」
星展發表報告指,新世界發展(00017.HK)正在擴充租金收入基礎,機場11 SKIES、啟德零售商場及深圳K11 ECOAST,將會在中期提升集團的租金收入,改善盈利質素。另外集團同意與華潤置地(01109.HK)合作發展元朗南兩幅地皮,以及就粉嶺北項目改劃住宅用途補地價,有助集團將所持農地變現。 該行指,以往加息周期拖累新世界的盈利及股價表現,未來去槓桿化進展將會是影響股價的重要因素,任何減持資產或利率轉向的消息,將會是正面催化劑,該股現價相當於每股資產淨值折讓82%,將其目標價由20.04元下調至14.1元,相當於今年12月預測每股資產淨值折讓75%,維持其「買入」評級。
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