大和:潤地(1109.HK)租金及地產銷售仍強勁 重申買入評級
大和發表研究報告指,華潤置地(1109.HK)去年核心盈利按年升12.2%至217億元(人民幣.下同),總租金收入按年升26.3%至120億元,而未入帳的合同銷售額達2240億元,對今、明兩年盈利而言將是好兆頭,重申其“買入”評級,惟下調目標價由44.2港元降至42.8港元。
大和相信,潤地正雄心壯志地擴大其內地商場業務,其中4個商場租户零售額達40億元,7個商場租户零售額則介乎20-40億元。儘管新冠狀病毒疫情對商場業務明顯帶來打擊,但過去數週已回覆到正常水平的6至8成,公司目標是到第二季全數復甦。該行又指,公司除武漢市外,大部分的工地及售樓處已復工,其房地產銷售有望回返正軌。
大和將潤地今、明兩年每股盈利預測下調5-6%,以反映疫情對商場及酒店業務的影響,同時下調今年每股資產淨值預測至53.5港元。
不過,富瑞則預期,潤地今年銷售及租金收入增長將分別有15%及13%潛在下跌風險,惟估計分拆物管業務或會成為公司主要亮點,重申“買入”評級,並維持目標價42.59港元。

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.