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瑞信升润地(1109.HK)目标价至45.8港元维持“跑赢大市”评级
格隆汇 08-21 10:19

瑞信发表研究报告称,华润置地(1109.HK)上半年核心盈利为81亿元人民币,同比增长11%,净负债率增加12.5百分点至50.2%。该公司中期股息每股0.129元人民币,全年派息比率指引35%。该行将润地目标价由44.4港元上调3.15%至45.8港元,维持“跑赢大市”的评级。

该行表示,润地在今年首7个月实现合同销售额1310亿元人民币,同比增长14%。上半年租金收入同比增长35%,管理层表示全年租金增长将超过30%,预计在20-21财年增长维持在10-20%。该行将对公司2019及2020年的盈利预测下调3%及4%,但会上调2021年的盈利预测2%,计入入账的延迟时间表。另外,该行将资产净值预测上调3%以反映新收购的土地。

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