《大行報告》花旗升越秀地產(00123.HK)目標價至12元 評級「買入」
花旗發表報告指,越秀地產(00123.HK)上半年業績表現穩健,收入按年增長29%,入賬銷售平均價格增長11%及核心盈利上升1.4%;但毛利率則由去年的7.2%,降至6.8%。
該行表示,越秀為2025年達至15%的年均銷售複合增長率,及8%的盈利增長提供了清晰路徑,相信是受到獨特的土地儲備優勢(6+1平台)、於逾20個城市深耕的策略,及1,560億元人民幣未入賬銷售等支持。
花旗上調越秀地產股份目標價,由10.8元升至12元,評級維持「買入」。因為擁有充裕的可售資源,預期集團下半年銷售按年可有10%增長。
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