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中金:重申龍湖集團(0960.HK)“跑贏行業”評級 上調目標價至41.08港元
格隆匯 10-24 16:29

中金髮布報告稱,多年來龍湖集團(00960.HK)資產負債表保持穩健。考慮公司拿地較温和(2019年前3季度土地成本佔銷售額的55%),預計2019年底淨負債率將保持在60%以下。 截至2019上半年末,平均債務期限為5.7年,平均融資成本(截至2019年上半年末為4.56%)與中海、華潤等領先國企基本持平。 展望未來,隨着9月份穆迪上調信用評級,該行認為公司融資能力有望進一步改善。

該行預計,4季度月銷售額將達到200億元左右,帶動全年增長15%。考慮可售貨源充足,預計2020年銷售將增長10%-15%;保守假設新開工同比持平,預計2020年可售貨源也將實現30%的增長。

該行表示,重申“跑贏行業”評級,但將目標價上調10%至41.08港元。

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