《大行報告》大和:龍湖(00960.HK)合同銷售自上季起持續復甦 重申「買入」評級
大和發表報告表示,龍湖集團(00960.HK)管理層出席了該行所舉行的投資者會議,分享了公司近期營運情況,龍湖指出其在同業中具有四大競爭優勢,第一是四大核心業務板塊之間具協同效應、第二是公司盈利能力強勁、第三是公司具穩健的財務狀況和償債能力、第四是穩定的派息(派息比率目標維持在30%水平)。
該行指,在內地房地產開發板塊,龍湖旗下合同銷售表現於今年第三季度有所改善,三季度合同銷售最終錄得按年增長,其10月銷售額按月再增長5%,表明進一步復甦趨勢。而該行重申對龍湖「買入」評級及目標價30.2元。
大和表示,龍湖為提高銷售業績和銷量,公司重新聚焦20個終端用戶需求旺盛、住房庫存低的主要城市。據該公司稱,今年繼續收購地皮(今年首十個月獲得32塊土地),但亦指其土地儲備增速將高度依賴其現金流。
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