海通國際:新世界發展(0017.HK)零售額增長強勁 予目標價45.9港元 維持增持評級
海通國際發研報引述新世界發展(0017.HK)電話會內容,該行保持對公司收益預期不變,予目標價45.90港元,維持“增持”評級。公司預計,中國內地與香港之間的跨境旅遊全面開放後,那時每天或有1.8萬名內地遊客來港過夜,相信屆時香港K11零售額將增加13%。
在2022財年(即2021年7 - 11月),K11在香港和中國內地零售額較上年同期上漲23%和37%,遠高於整體市場水平(增長率不到10%)。與此同時,K11在香港及內地出租率維持在97%/92%的高水平。
此外,由於高質量的品牌定位,公司於2021年12月在廣州推出的 “雲耀”新住宅項目,僅在首日銷售便錄得合同銷售額達11.7億元人民幣,ASP高達68,000元/平方米,高於周邊項目。
另外,在2021年6月底,新世界發展在香港將擁有約1,640萬平方英尺總耕地面積,超過90%農田位於北部都會區,公司預計未來農地轉換有望較以往加快。
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