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《大行報告》大摩:華潤置地(01109.HK)去年核心溢利符預期
阿思達克 03-26 14:33
摩根士丹利發表報告表示,華潤置地(01109.HK)去年核心純利按年升12.2%符合該行預期,指其收入升21.9%至1,477億元人民幣,其中物業發展收入按年升21%,投資物業收入增長26.3%,其派息比率為35%,相關股息回報4厘;但該行指華潤置地去年毛利率僅37.9%,低於2019年43.4%,主要是產品組合改變,此符合該行預期。

該行指,華潤置地去年扣除投資物業評估增值後的核心盈利按年增長12.2%至217億人民幣,符合該行預期,指其淨負債比率維持穩定,指其平均融資成本穩定於4.45%。該行維持對華潤置地「增持」評級及目標價41.15元。

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