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.
花旗:升合景泰富(1813.HK)目標價至11.8港元 評級“買入”
格隆匯 12-04 10:49

花旗發表研究報告,指與合景泰富(01813.HK)主席會面後對公司前景有更大信心,因目前公司在銷售和入賬方面的執行性更強;在銷售快速增長下,預期盈利增長加快,料至2021年年複合增長率達25%以上,毛利率穩定在30%至35%;明年有30%銷售增長來自廣州/佛山、香港、上海/杭州項目。

該行提到,公司計劃於2020及21年新增9個商場項目,在強勁的渠道下,明年將有40%的經常性盈利增長(約30億元人民幣),預期2020年分拆物管公司上市亦是催化劑。該行預期,集團將可勝市場期望,主因其2019年盈利強勁及股息收益率持續高企,料2020年股息收益率9.7%,派息比率達40%,重申“買入”評級,目標價由10.38港元升至11.8港元。

該行又指,公司首十一個月銷售按年升29%至770億元人民幣,符合預期增長30%,並料12月錄38%的增長,公司目標2020及21年銷售的年複合增長率可達30%。

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