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大和:重申龍湖(0960.HK)“買入”評級 目標價47.3港元
格隆匯 10-19 13:04

大和發表研究報告指,龍湖集團(0960.HK)有望達成全年銷售目標,並對其穩健的財務狀況及可觀的租金收入看高一線,重申龍湖“買入”評級,目標價續看47.3港元。

大和指,龍湖9月合同銷售額達300億元人民幣,按月及按年分別增長24%及11%;首9個月累計銷售額按年增長7%至1863億元人民幣,達全年銷售目標2600億元人民幣的72%。而於國慶假期(10月1至8日),公司銷售亦按年升50%。該行預期,龍湖第四季可售資源料達2000億元人民幣,其中包括800至900億元人民幣的新增土地,意味公司有能力達全年銷售目標。

大和又指,在收緊發展商信貸消息出台後,龍湖近期股價表現仍跑贏大市,主因其穩健的財務狀況。據該行估計,在“345新規”下,龍湖屬綠色組別,即公司全年有息負債增速以15%為限,而公司上半年平均融資成本低至4.5%,可與部分國企內房媲美。此外,龍湖今年將新開9個商場,令租金收入增長至少達25%,公司全年目標為按年增長25%至30%,至60億元人民幣。

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