野村:略下调中国海外发展(00688)目标价至12.2港元 维持“中性”评级

智通财经网
03 Apr

智通财经APP获悉,野村发布研报称,略下调中国海外发展(00688)目标价0.8%,从12.3港元降至12.2港元,维持“中性”评级。中国海外2024财年业绩差于预期(野村指其预期已经很低),但是资产负债表健康状况改善,收入下降9%至1850亿元人民币(下同),主要是因为物业发展收入显著下降;毛利率下降至17.7%; 核心纯利下降4%至150亿元,低于野村预期8%。

不过,该行认为积极的一面是,公司的资产负债表改善,净负债率接近29%,按半年和同比下降9%。公司末期股息为0.3港元,全年为0.6港元,派息比率为38%,高于去年的33%。

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