《大行》里昂:旭輝(00884.HK)債務問題接近解決 評級上調至「持有」
里昂發表研報指,據報旭輝(00884.HK)的離岸債務重組接近完成,憧憬債務問題得以解決,有助提升公司每股賬面淨值,使管理層未來幾年能夠專注於業務發展,若內地房地產市場趨向穩定,旭輝的「生存機率」將提升。
基於內地樓價下跌所致的物業發展業務虧損,該行將旭輝今年度虧損預測從6.51億元人民幣上調至27.87億元人民幣,預期債務重組後槓桿比率可大幅下降,相應將市賬率預測從0.05倍上調至0.15倍,目標價從0.14元上調至0.25元,評級從「跑輸大市」上調至「持有」,相信今年下半年內房市場可好轉,該公司或能從中受惠。
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