光銀國際:首予弘陽地產(1996.HK)買入評級,目標價3.39港元
格隆匯9月28日丨光銀國際今日發佈研報《弘陽地產(1996.HK):高速增長的區域性龍頭開發商》指出,弘陽地產(1996.HK)是大江蘇地區的區域性龍頭開發商,隨着公司市場地位提升,最近更躋身2020年中國房地產開發企業500強第47位。弘陽地產推進“地產+商業”雙輪驅動,並達至“提質增效”。公司合約銷售增長強勁,由2016年的133億上升至2019年的651億,年複合增長率為70%。公司截至2020年6月底總土地儲備達1837萬平方米,較2019年末增加8.5%左右,其中76%位於一二線城市。光銀國際維持弘陽地產合約銷售金額、合約銷售面積高增長,土地儲備面積增長配合業務發展,給予弘陽地產目標價3.39港元,較上週五收盤價2.62港元有29.4%的上升空間,首予買入評級。
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