《大行報告》花旗微升龍光集團(03380.HK)目標價至19.38元 評級「買入」
花旗發表研究報告指,龍光集團(03380.HK)有長期可持續增長前景,今年預期有11個城市更新項目將轉化500億元人民幣貨值,2021至2023年將合共轉化1,500億元人民幣,支持未來幾年發展佈局。
龍光訂立未來三年權益銷售目標年均增長20%的目標,花旗認為,集團有68%銷售來自大灣區及長三角,預期進入上海、南京、寧波等市場後,可將業務重心由大灣區拓展至全國。
另外,集團預期租金收入未來5年可增長10倍,至2025年目標達到30億元人民幣,加上財務水平合符當局「三條紅線」要求,派息比率高達40%,估值水平吸引,確信「買入」評級,目標價上調至19.38元。
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