《大行報告》匯豐研究下調萬科(02202.HK)目標價至14.5元 維持謹慎
匯豐研究發表評級報告,萬科(02202.HK)上半年核心利潤按年跌15%至92億元人民幣,主要是收入持平及毛利率較低,並視公司為在該行業內具有韌性的開發商。該行指,公司今年房地產開發預訂放緩,符合預期。至於全年方面,該行預料公司合約銷售錄得溫和下跌,並於未來日子持續復甦。
該行表示,將公司今年、明年及2025年合約銷售預測分別下調7%、3%及2%,收入則下調2%、2%及1%,毛利率預測亦下調0.5個百分點、0.6個百分點及0.7個百分點,而各年盈利預測下調8%、6%及4%。該行將其目標價由21.1元下調至14.5元,維持其評級為「買入」,並維持謹慎看法。
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