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《大行報告》高盛升新城發展(01030.HK)評級至「買入」並列入確信名單 目標價上調至4.8元
阿思達克 01-16 11:24
高盛發表研究報告,將新城發展(01030.HK)列為民營開發商中的首選,隨著市場對其融資憂慮減退,短期估值修復具較高貝塔系數,而且公司盈利前景及估值上升空間更具可預見性,相信憑藉其在中國排名第二的購物中心組合,可在同行中表現較突出,至2025年每股盈利複合增長9%,股本回報率達12%,均高過同業表現。 該行將新城發展的評級從「中性」上調至「買入」,並列入「確信買入」名單,將目標價由3.5元上調至4.8元,反映予其每股資產淨值(NAV)折讓幅度由70%收窄至60%。根據手持的5,500億元人民幣的可售土地儲備,高盛預計新城今明兩年每年可實現約1,000億元人民幣的預售額,有助於償還債務。
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