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《大行報告》高盛下調新世界(00017.HK)目標價至34.6元 降2023至25財年每股基本盈測
高盛發表報告指,市場一直關注新世界(00017.HK)每股派息的可持續性,導致股價在過去六個月表現跑輸。該行預計,根據管理層的承諾,每股派息將保持在2.06元。而要實現目標的主要選擇包括降低資本支出,尤其是與土地有關的支出,以及加快出售非核心資產,並專注於對到期債務的有效再融資。除此之外,該行亦認為應該考慮更有效的資本管理,因為其槓桿水平已處於不可持續的狀態。 該行將新世界2023至2025財年基本每股盈利預測分別降低26%、15%、5%,以反映更高的融資成本及未來本港發展項目入賬。目標價下調至34.6元,評級「買入」。
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