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摩通:上调恒大(3333.HK)评级至“增持” 目标价15港元

摩根大通发表研究报告指,中国恒大(3333.HK)发布声明、回购股份等一系列动作大幅提振了市场的信心,同时公司销售持续强劲也消除了市场担忧,上调评级至“增持”,目标价为15港元。

摩根大通认为,恒大还有1.819亿股的配额可以回购,预计公司还会继续回购。此外,恒大的发展路线已经清晰,完成以民生地产为基础的“多元产业+数字科技”转型,无论是物业、大汽车、腾网路均已得到市场认可,房车宝、大童世界、大冰泉等也将陆续分拆上市,一旦取得成功,这些资产的价值将会进一步显现。

与此同时,恒大降负债也远超预期。从去年3月份开始,通过实施“高增长、控规模、降负的发展战略,大的有息负债大幅下降近3000亿。大主席许家印日前透露,本月底前大的有息负债有望从去年最高的8743亿降到6000亿以下,三条红线至少实现一条变绿

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