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《大行報告》德銀下調華潤置地(01109.HK)目標價至39元 評級「買入」
阿思達克 09-05 11:26
德銀發表報告指,在上半年經歷困難時間,華潤置地(01109.HK)業績表現穩健,收入持平,核心盈利則按年上升2.6%,較該行預期高17%,主要受惠於有效的成本節省,及發展物業毛利率較預期有更好。 德銀維持對潤地股份「買入」評級,目標價由42.7元降至39元,反映由於物業市場的不明朗性上升,及物管行業的股價波動性大,令其目標價較資產淨值折讓擴至36%。雖然行業面對困境,但相信潤地中期增長前景穩定,現價(32元或以下)提供吸引入市機會。
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