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東北證券:城市更新業務成龍光地產(03380.HK)最大亮點,上調目標價至18元
格隆匯 04-14 09:31

國內著名券商東北證券發表最新研究報告指出,龍光地產(03380.HK)2019年超額完成全年銷售目標,2020年有望繼續保持穩健增長,順利完成1100億權益銷售目標。土儲充沛,城市更新成盈利增長新引擎;財務穩健風險低。上調公司目標價至18元,維持“買入”評級。

東北證券認為,憑藉在粵港澳大灣區近二十年的深耕經驗,公司在城市更新領域擁有得天獨厚的優勢,這些高價值、佈局好、較短孵化週期的項目已成為公司業績的重要助推劑。截至2019年底,公司城市更新項目貨值高達人民幣4006億元,並預計未來3年城市更新類項目可佔當年核心盈利的20%。

報告最後指出,龍光財務穩健,現金短債比超兩倍,加權平均融資成本僅為6.1%,在民營房企中處於較低的水平。

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