中原建業(09982.HK)輕資產模式受券商認可,建銀予以優於大市評級
7月9日,建銀國際發佈研報,首次給予中原建業(09982.HK)優於大市評級,目標價區間4.70港元,並開始對該股進行覆蓋。建銀認為,中原建業2020-2023 年淨利潤的複合年增長率將達到25%,淨利潤率將達60%。自選股平台數據顯示,7月9日午間,中原建業當前價為每股1.97港元,目標價已超出實時股價倍餘。
資料顯示,中原建業是國內領先的項目管理公司。2020年合同總銷售面積為570萬平方米,2017-2020年合同銷售複合年增長率達71.5%,在行業內名列前茅。2020年,中原建業新簽約建築面積860萬平方米,業界排名第二,處於有利地位,可以受惠於中國快速增長的房地產代建行業帶來的增長機會。
在發展中,中原建業立足河南拓展至大中原區域,依託“建業”品牌,目前已經成河南省2020年新籤總建築面積、銷售總建築面積、合同銷售規模最大的房地產代建公司。依託輕資產商業模式,中原建業能夠實現快速的盈利增長,在有限的財務風險下實現業務快速擴張。
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