You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
摩通首予中骏集团(01966.HK)“增持”评级目标价5.5港元
格隆汇 07-19 15:12

摩通发表报告,首予中骏集团(01966.HK)“增持”评级,认为公司现时是以上海为基地的开发商,主要聚焦于杭州湾区,而经过多年的缓慢增长,公司于2017年开始主动采纳合营的策略,相信今年公司将有突破,料其合约销售可成行内最强,以归属公司权益计算按年增56%,行业平均则约为22%,而负债水平可控制在行内平均水平,对公司目标价为5.5港元,反映有36%潜在上行空间。

摩通预期受惠2017及2018年进取购地,今年公司整体及归属公司的合同销售将分别按年升36%及56%,两者均属行内最强,在较牛的场景下中骏将在今年下半年推出更多可售资源,并带动整体及归属公司的销售增长分别达50%及72%,基於公司上半年仍维持进取购地,相信其跑赢大市的销售势头能持续至2020年。

该行预期上半年其盈利增长可达15-20%,并预期全年核心盈利增长将加快,而2020财年的则有更快的增长。受惠销售势头持续强劲,该行相信市场或会提升对公司2021财年盈利预测,而考虑到同业获重估的情况,相信公司在2020年可获更大的重估。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account