《大行報告》德銀上調潤地(01109.HK)目標價至42元 評級「買入」
德銀髮表報告指,華潤置地(01109.HK)利用市場低迷的時機在2021年補充土地儲備,爲2022年之後提高市場份額和銷售鋪路,預料目前槓桿率較低的國企,如華潤置地等未來將有更多收購機會。該行預計,未來會對華潤置地進行重新評級,維持其「買入」,目標價由36.5至42元。
德銀表示,監於房價下跌而地價相對堅挺,將華潤置地2022至2023財年的物業發展毛利率預測再下調2至3個百分點,並預計期間將保持穩定在20%,雖然存在進一步的毛利率壓力的可能性,但認爲華潤置地應比同行可能面臨的壓力要溫和,認爲毛利率不太可能大幅低於20%。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.