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.
麥格理:升中國海外(0688.HK)目標價至36.73港元 為行業首選
格隆匯 11-28 11:59

麥格理髮表研究報告,相信中國海外(00688.HK)的盈利增長動力在經過表現欠佳的三年後出現復甦,並將會重新得到投資者的興趣。該行指,看到公司今年首十個月的合約銷售按年錄27%增長,達成全年目標的91%,預期2019及2020財年的合約銷售分別達3,670億及4,220億元人民幣,這要歸功於公司在過去數年積極儲備土地及提升激勵制度。

該行又指,中海外正擴大其租賃組合,投資組合主要包括寫字樓,而不是購物商場。雖然寫字樓的回報不如零售物業,但其經常性收入亦不容投資者忽視。管理層預期2020財年租賃收入達到50億元,並在2023財年達到100億元,意味年複合增長有20%。

另外,該行預期公司2020及2021財年的盈利將分別錄20%及17%的強勁增長,因為過去兩年加快的合同銷售將轉化為盈利。將其目標價上調15.5%至36.73港元,投資評級為“跑贏大市”,併為行業首選。

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