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東北證券:龍光集團(3380.HK)城市更新具差異化競爭優勢,首次覆蓋給予“買入”評級
格隆匯 04-27 11:52

東北證券發佈首次覆蓋研究報吿指出,龍光集團(3380.HK)在粵港澳大灣區深耕近20年,城市更新業務具備“高增長、高價值、高效率”獨特優勢,項目轉化確定性強,盈利能力有望持續領先,給予“買入”評級。

東北證券表示,城市更新是龍光高價值土儲和差異化競爭優勢的重要來源。2020年,龍光全面佈局大灣區核心城市,新增城市更新貨值3003億元,同比大幅增長78%。截至2020年底,龍光在11個城市共計拓展布局109個城市更新項目,可轉化土儲貨值7100億元,其中95%位於大灣區核心城市。

龍光集團此前在業績發佈會上表示,公司城市更新項目佈局好,質量優,價值高,孵化快,盈利可見性清晰,預計到2023年城市更新貨值翻一倍,未來3年城市更新孵化貨值超1500億元,每年貢獻核心利潤約20%,將持續鞏固公司核心競爭力,築深拓寬發展“護城河”。

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