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《大行報告》瑞銀上調寶龍地產(01238.HK)目標價至10.4元 評級「買入」
阿思達克 04-23 09:36
瑞銀發表報告指,考慮到寶龍地產(01238.HK)租金收入和合同銷售快速增長,將2022及2023年度的盈利預測分別提高10%和18%,並將目標價提高55%,由6.7元上調至10.40元,等於2021年預測市盈率7倍,維持評級「買入」。

瑞銀指,寶龍與其覆蓋範圍內的其他中國開發商相比,有50%的超額業績,相信市場亦仍未計入,寶龍在未來幾年內開發物業的毛利率將高於30%以上且超越同行,及購物中心業務改善的因素。因此寶龍較高的估值是合理,因為其盈利增長較高、知名度提升,及經常性收入在核心利潤中的份額不斷增加。

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