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《大行報告》德銀上調正榮地產(06158.HK)目標價至6.5元 評級「買入」
阿思達克 03-31 10:24
德銀發表研究報告指,正榮地產(06158.HK)純利按年升5.3%,每股核心淨利潤按年上升1.9%,較該項預期低9%,末期派息15港仙,較2019年增加50%,派息比率提升7個百分點至23%,超出預期。

正榮專注質量提升,目標今年合約銷售額增長15%,並計劃提升合約銷售收入的權益比重,該行指出,公司於長三角地區低線城市加大業務投入,並進軍福建地區發展,該地區貢獻提高,財務指標有明顯改善,預期今年亦可置換大部分高成本債務。

德銀預期, 正榮地產在2018至2020年增長平穩,現進入盈利快速提升的階段,將目標價上調至6.5元(原本5.5元),以反映今年預測市盈率8.1倍,維持「買入」評級。

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