《大行報告》摩通升龍湖(00960.HK)目標價至37.5元 評級「增持」
摩根大通發表報告指,龍湖(00960.HK)為首間有進入下一周期可持續發展戰略的內房發展商,因此脫穎而出,而其他發展商則仍在土地儲備投機中掙扎。該行認為,在政策波動的環境中,龍湖在融資方面可保持足夠的緩衝,以確保集團能夠持續進行反周期擴張,此策略在上一個周期中非常有效。
該行表示,龍湖今年合約銷售額料達2,100億元人民幣,純利應可達205億元人民幣,加上40億至50億元人民幣的其他租務收入,因此預期集團至2021年的盈利年均複合增長率可達24%。
摩通上調對龍湖的股份目標價,由36.5元升至37.5元,重申評級「增持」。該行預計,集團將繼續成為行業中最昂貴的發展商,其價值來自盈利年均復合增長率表現跑贏及增加租金收入等。
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.