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《大行报告》汇丰研究上调合景泰富(01813.HK)目标价至16元 评级「买入」
阿思达克 03-29 10:51
汇丰研究发表报告指,合景泰富(01813.HK)去年业绩强劲,增长跑赢同业,核心盈利按年升25%,股息率达8%,毛利率更为行业中最高,对其表现感到惊喜。

公司制定今年合约销售额增展20%的目标,为该行覆盖内房股中最高,汇丰研究认为强劲盈利增长将支持合景泰富发展前景向好,预期将引发估值重估,但考虑到股价年初至今已累积上升20%,预期增长空间较少。

管理层有信心有今可达成「三条红线」所有要求,并将继续拓展城市更新项目,在广东政府支持下预期未来可取得及转化更多项目,今年将提供约100亿元人民币货值,占全年合约销售目标约8%。

汇丰研究认为,管理层目标城市更新项目毛利率可达到30%,较同业领先,维持「买入」评级,将目标价由13.8元上调至16元。(gc/)

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