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《大行报告》花旗中国金茂(00817.HK)获平安入股料未来盈利增长加速
阿思达克 07-26 14:51

花旗发表报告指,对於中国金茂(00817.HK)获中国平安(02318.HK)入股成第二大股东,是公司迈出的关键一步,金茂最终将从中化集团脱离,有助於释放未来盈利增长。管理层预期,将在2020年内完成相关剥离。

该行相信,市场会对金茂作进一步重新评级,尤其是该公司盈利增长具韧性作为後盾。现价相当於2020年预测市盈率6.6倍,较每股资产净值(NAV)折让56%,以及股息率为6%。

报告补充,预期金茂今年上半年盈利仅按年持平,主因从土地及房地产开发入账及交付量按年减少,不过相信集团全年交付量可达标,以支撑盈利按年录30%的升幅。该行维持其目标价6.68元,及「买入」投资评级。

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