瑞銀:上調時代中國(1233.HK)目標價至20.6港元 評級“買入”
瑞銀髮表報告指,該行與律師及時代中國(1233.HK)
管理層的會面中瞭解到,其城市重建項目正在加快,並可在今年的業績中有報告盈利。而基於該行的渠道調查,相信集團亦正與廣州的另外八條村落進行接觸,不過未有具體詳情。
該行認為,時代中國近期與平安房地產達成有關城市重建的框架協議屬正面,估計集團分拆其物管業務的特殊股息收益率約為10%,而集團目前估值為明年預測市盈率3.9倍,對比行業平均為5.9倍,認為市場未反映集團盈利的可持續性,及城市重建的轉換加速。
瑞銀上調對時代中國股份目標價,由19.6港元升至20.6港元,評級維持“
買入
”,並上調集團2021年至2023年盈利預測8%至10%,以反映村落項目的入賬。
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