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《大行報告》里昂:華潤置地(01109.HK)估值非常吸引 重申為首選
阿思達克 08-27 14:26
里昂發表報告指,華潤置地(01109.HK)上半年業績穩健,基礎純利按年增長18.3%至99.1億元人民幣,優於該行今年盈利增長預測的12%。盈利增長主要受收入上升64%所推動,但部分被毛利率下降2個百分點至31.3%,及合營和附屬貢獻較低所抵銷。 該行估計,未來三年租賃盈利將貢獻集團每年基礎利潤增長的6%至7%,減輕物業發展毛利率的壓力,並提供更清晰的盈利能見度。 里昂重申潤地股份「買入」評級及為首選,目標價維持50元,相信集團是商場銷售上升趨勢的主要受惠者,且其現價相當於今年市盈率6倍,估值是非常吸引。
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