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安信國際:在“管理紅利”時代,龍光集團(03380.HK)領跑高質量發展
格隆匯 05-25 12:29

安信國際發佈最新研究報吿指出,“穩”仍是房地產市場的主基調。在政策影響下,房地產行業從“槓桿紅利”時代過渡至“管理紅利”時代,持續看好融資、拿地、城市更新具有優勢的頭部房企,推薦龍光集團(03380.HK)。

安信國際表示,2020年,龍光集團在實現營收和利潤同步高增長的同時,財務表現不斷優化,“三道紅線”全面達標,信用評級持續提升,融資優勢日益顯著,新增借貸平均成本5.45%,加權平均借貸利率5.6%,融資成本進一步下降。

安信國際認為,龍光堅持前瞻性投資策略,聚焦核心都市圈,善於通過多種渠道精準拿地,土地資源優質充裕,尤其是城市更新具有差異化競爭優勢,可確保公司盈利能力持續領先行業。此外,花旗、瑞銀、中金、平安證券等知名投行還指出,龍光未來增長確定性突出,城市更新發展迅速,長期合夥人機制保障了強勁的執行力,是長期投資者的價值之選。

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