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《大行報告》花旗下調綠城中國(03900.HK)目標價至15元 評級「買入」
花旗發表研究報告指,基於綠城中國(03900.HK)的市佔擴張目標、融資支持、新增土地資源及回購等因素,預計其利潤增長將高於同行。該行維持其「買入」評級,目標價由18.4元下調至15元,又降其2023至2024年每股盈測3至11%。 該行預計,集團2023年的銷售額將穩定在約2,000億元人民幣,新土地需求優於預期,具有潛在上行空間。另外,該行表示,考慮到集團擁有3,130億元人民幣的未入賬銷售額和2020及2021年的銷售增長,預計其2022年收入將按年增長逾20%。該行又料集團核心利潤率將穩定在介乎4%至5%,未入賬銷售毛利率料介乎16%至18%。
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