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彭博:融資新規下龍光基本面優勢凸顯,看好可持續增長
格隆匯 09-28 08:58

國際知名金融數據和資訊供應商彭博旗下彭博行業研究(Bloomberg Intelligence)發佈最新研報,指出近期中國人民銀行、住建部形成了重點房地產企業資金監測和融資管理規則,落實房地產長效機制,這將幫助地產行業走上漸進,而非極速的去槓桿道路。彭博指出,龍光集團(03380.HK)各項財務指標穩健,受融資新規影響不大,且擁有聚焦一線和二線城市的優勢佈局及可觀的盈利增長前景,因此看好龍光保持持續性增長。

資料來源:彭博

根據彭博測算,在其覆蓋的18家大型房企中,龍光各項財務基本面良好,屬於受新規影響最小的一類地產公司,抵禦風險能力強。彭博又指出,多渠道獲取土地的能力將成為地產商維持利潤的核心因素,在此方面,龍光脱穎而出,因為其城市更新項目是高價值土儲的來源,將在未來三年每年貢獻公司約20%的核心利潤。

截至2020年6月30日,龍光淨負債率保持在68.3%的穩健水平,低於行業平均值,利息覆蓋率達4倍;公司持有現金及銀行結餘增加至人民幣419億元,現金短債比達2倍,流動性充裕。

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