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《大行報告》德銀降潤地(01109.HK)評級至「持有」 目標價下調23%至33.5元
阿思達克 01-11 10:40
德銀發表報告表示,去年第四季內地嚴格執行預售價格上限的規定已對行業帶來影響,華潤置地(01109.HK)亦不例外;潤地去年合同銷售額為2,900億元人民幣,高於2,620億元人民幣的目標,當中第四季銷售強勁,惟毛利率下降。

該行又指,雖然集團已售出及未入帳的項目開發利潤率超過30%,並且應該在完成後反映在2021財年的開發收入中,但深圳超高利潤項目不太可能將於21/22財年交付,因此預期集團今年度毛利率會跌至25%的水平,明年才輕微回升。該行將其目標價由43.5元下調23%至33.5元,投資評級由「買入」降至「持有」。

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