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中金:上調世房(0813.HK)目標價至40.87港元 評級“優於大市”
格隆匯 04-16 17:21

中金髮表研究報告指,世茂房地產(0813.HK)土地儲備貨值已破萬億元人民幣,其中一、二線城市和都市圈的佔比超過70%,公司未來幾年有信心維持不低於前20房企平均銷售增長,故上調其目標價18%,由34.63港元升至40.87港元,維持“優於大市評級。

中金預計,世房今、明兩年核心淨利潤分別增長22%及23%,至128億元人民幣及157億元人民幣,基於可分派核心利潤40%用作派息的常規假設,公司今、明兩年股息率為6.1%及7.4%;另外,公司亦已宣佈今、明年將完成旗下物管和酒店板塊分拆,並計劃因此派發特別股息,預期公司利潤具高質量增長、多元業務價值釋放及慷慨派息,將可驅動進一步價值重估。

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