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.
券商料新地(00016.HK)截至6月底止全年度基礎溢利升逾3% 關注2022財年合約銷售入賬
阿思達克 09-06 11:39
新鴻基地產(00016.HK))將於本周四(9日)公布截至今年6月底止全年度業績。星展上月初報告指因新地延推天水圍項目「Wetland Seasons Bay」及元朗項目「The YOHO Hub」,令新地未能達到原定2021財年350億元的銷售目標,但公司在內地銷售超出原定50億元目標。本網綜合5間券商預測受惠於毛利率提升,新地截至今年6月底止全年度可撥歸公司股東基礎溢利料介乎290.25億至335.59億元,較上年度可撥歸公司股東基礎溢利293.68億元計,按年下跌1.2%至上升14.3%;中位數為304.55億元,按年升3.7%。 綜合5間券商預測,新地截至今年6月底止全年度收入料介乎788.79億至946.82億元,按年減少4.6%至增加14.6%。中位數為855.3億元,按年增加3.5%。本網綜合6間券商預測,新地截至今年6月底止全年度全年度每股股息料介乎4.95至5.25元;中位數為4.95元,按年持平。 由於新地2021財年(截至今年6月底止年度)延推天水圍項目「Wetland Seasons Bay」,市場將關注期內物業發展的毛利率表現,及「Wetland Seasons Bay」於2022財年(截至2023年6月底止年度)的入賬及合約銷售目標情況。 【料基礎溢利上升 受惠毛利率提高】 高盛預期,新地截至今年6月底止全年度可撥歸公司股東基礎溢利335.59億元按年上升14.3%,估計全年度收入預測946.82億元按年升14.6%。該行料新地於2021財年下半財年(即2022年1至6月)除息稅折舊及攤銷前溢利(EBITDA)、核心經營溢利及基礎溢利分別按年升9%、10%及1%。物業發展EBITDA料按年升7%,盈利推動力來自港鐵南昌站上蓋項目「匯璽」第二及第三期,以及上海「濱江凱旋門」收益入賬。另一方面,物業投資EBITDA料按年升5%,受惠於內地租務收入上升。非物業發展業務的EBITDA料按年反彈23%,受惠於酒店及物業管理服務業務改善,以及新意網(01686.HK)盈利貢獻。該行預計新地2021財年全年派息將按年增加6%至每股5.25元。 據匯豐環球研究7月中報告,預測新地截至今年6月底止全年度可撥歸公司股東基礎溢利按年升近6%至310.98億元、料去年純利按年升16%至271.94億元,收入按年升3.5%至855.3億元,全年派息將維持每股4.95元。該行預計新地全年度物業發展收入421.93億元按年升6.1%、投資物業收入211.59億元按年升6.3%。 匯豐環球研究估計新地截至今年6月底止年度合約銷售為220億元,僅及全年度350億元銷售目標的63%。該行指出,縱使新地物業銷售低於全年銷售目標,但已為市場預期。該行預期投資者將集中於新地未來數季加快銷售的動力。該行料新地將受惠於毛利率擴張。 --------------------------------------------- 本網綜合5間券商預測,新地截至今年6月底止全年度可撥歸公司股東基礎溢利料介乎290.25億至335.59億元,較上年度可撥歸公司股東基礎溢利293.68億元計,按年下跌1.2%至上升14.3%;中位數為304.55億元,按年升3.7%。 券商│截至今年6月底止全年度可撥歸公司股東基礎溢利預測│按年變幅 高盛│335.59億元│+14.3% 匯豐環球研究│310.98億元│+5.9% 星展│304.55億元│+3.7% 摩根士丹利│294.7億元│+0.3% 美銀證券│290.25億元│-1.2% 按新地上年度可撥歸公司股東基礎溢利293.68億元計算 綜合5間券商預測,新地截至今年6月底止全年度收入料介乎788.79億至946.82億元,按年減少4.6%至增加14.6%。中位數為855.3億元,按年增加3.5%。 券商│截至今年6月底止全年度收入預測│按年變幅 高盛│946.82億元│+14.6% 摩根大通│934.61億元│+13.1% 匯豐環球研究│855.3億元│+3.5% 星展│817.38億元│-1.1% 摩根士丹利│788.79億元│-4.6% 按新地上年度收入826.53億元計算。 本網綜合6間券商預測,新地截至今年6月底止全年度全年度每股股息料介乎4.95至5.25元;中位數為4.95元,按年持平。 券商│截至今年6月底止全年度每股股息預測│按年變幅 高盛│5.25元│+6.1% 摩根大通│5元│+1% 匯豐環球研究│4.95元│持平 星展│4.95元│持平 美銀證券│4.95元│持平 摩根士丹利│4.95元│持平 按新地上年度每股全年股息4.95元計算
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 this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.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.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account