金吾财讯 | 汇丰发研报指，投资者日前关注新世界发展(00017)的财务健康以及去杠杆化进程。尽管2024年7月新世界已宣布再融资178亿港元银行贷款，但这不足以提振投资者信心。2024年6月底，新世界净负债率高达89%，(当中计入永续债为借贷)。该行表示，未来12个月，新世界计划推出4个重大住宅项目，共推2100个单位。该行认为，如果新世界复制大围柏傲庄项目的强劲销售业绩，这可能会让投资者感到惊讶。然而，由于这些项目是在前几年土地成本普遍较高时收购的，因此其盈利能力可能不高。该行下调对新世界2025-2027财年盈利预测3.2-6.8%，反映利息支出的提升。该行将新世界发展目标价从4港元下调8.5%至3.66港元，维持“减持”评级。
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