海通國際:給予弘陽地產(1996.HK)優於大市評級 目標價3.39港元
格隆匯2月3日丨中國領先的綜合性房地產開發商弘陽地產(1996.HK)獲海通國際看好其商住聯動顯效益,首次發表研究報吿給予“優於大市”評級, 目標價3.39港元。
海通國際認為,弘陽地產在長三角區建立了穩固的業務根基和全國化佈局。集團在商業物業以及住宅物業發展均有豐富經驗,有助加強其在收購土地方面的戰略步署,具有顯著成效,透過商業/住宅聯動,有效提升營運質量和效益。
弘陽地產總土地儲備有76%位於二線城市;73%位於長江三角區域,江蘇省佔55%。集團在江蘇省已經建立了良好的品牌知名度,有助其獲取該區優質的土地。儘管弘陽地產過去幾年合同銷售增長迅速,海通國際認為集團於財務狀況與業務增長之間保持了良好的平衡,並相信其到2021年及以後可把資產負債率降低到70%以下。
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