You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行報告》德銀下調時代中國(01233.HK)目標價至12.8元 評級「買入」
阿思達克 03-29 11:43
德銀發表研究報告指,時代中國(01233.HK)去年業務遜預期,核心淨利潤按年下跌9.2%,較市場預期低10%,預期是由於物業發展收入下跌逾16%及毛利率受壓收窄至21%所致,但部分被高於預期的城市更新項目收入所抵銷。

該行指,公司今年銷售目標為1,100億元人民幣,較去年銷售額增長平穩,認為時代中國今年將更專注於控制財務指標,預期未來兩至三年發展規模維持相若水平,收入增長兩成的目標較為保守,並且未有計及預售交付較預期慢等因素。

管理層預期2022至2023年將是城市更新項目集中轉化階段,該行預期將為2021至2023年收入貢獻約50億至60億元人民幣,指出大灣區佈局穩健,予「買入」評級,但基於預測市盈率4.2倍,目標價由13.8元下調至12.8元。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account