《大行报告》高盛下调世茂集团(00813.HK)目标价至31元 评级「买入」
高盛发表研究报告指,世茂集团(00813.HK)去年核心盈利按年增长17%,较市场及该行预期低2%及4%,考虑到业绩表现及集团即将新开业项目与土地收购,将2021至2023年每股盈利预测下调3%、5%及6%。
高盛指,世茂於去年底成功达到「三条红线」全部要求,回款能力及经营现金流水平有改善,潜在分拆有助扩大股本基础,加上公司积极控制债务水平,优化债务结构,认为资产负债表增强将在未来推动更高质量增长,维持「买入」评级,目标价则下调6%至31元。
该行预期,世茂首季预售额达670亿元人民币,以5,550亿元可售销售额及60%去化率计,今年集团预售额可达3,330亿元人民币,按年增长10%,符合其全年目标。
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