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.
大和升龙湖(0960.HK)目标价至32.7港元花旗重申为行业首选
格隆汇 08-27 13:44

大和发表研究报告表示,龙湖(0960.HK)上半年收入及核心盈利按年分别升42%及26%,整体毛利率为32.6%,管理层目标长远毛利率介乎25-30%,公司两个业务增长引擎分别为地产销售及投资物业,该行认为龙湖是少数内房股中,能保持持续的销售及盈利增长,同时拥有强劲的财务水平,将其目标价由29.7港元,上调10%至32.7港元,重申“买入”评级。

大和指,地产销售方面,龙湖未来数年目标每年合同销售及盈利增长最少20%,上半年合同销售达1056亿元人民币,管理层有信心全年达2200亿元人民币的目标。另外,集团上半年来自商场及Goyoo的租金收入分别增长30%及207%,集团目标未来数年租金收入增长35-40%。

该行并上调公司2019-2021年收入预测24%-34%,并将今年底每股资产净值(NAV)由37.15港元升至40.9港元。

另外,花旗表示,考虑到龙湖集团地产销售20%-30%的增长水平,预计未来数年盈利增长具有可持续性,其具有优质土地储备、高利润率和低融资成本,料估值溢价进一步提升,重申为行业首选,花旗亦其目标价上调9%至35.6港元。

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