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《大行報告》花旗微升龍湖集團(00960.HK)目標價至32.65元 評級「買入」
花旗發表評級報告認爲,市場對龍湖集團(00960.HK)未入賬銷售及完成進度的擔憂過高,因物業發展規模縮小,可被高利潤的經常性業務增長30%至40%所抵銷。該行指,經過公司有紀律的收購後,今年可售總資源爲3,000億元人民幣,其銷售率爲65%,並因重點滲透至約30個城市,預計總銷售額爲1,950億元人民幣,按年跌3%。該行將其目標價由32.6元上調至32.65元,現價估值吸引(預測市盈率5.9倍,較資產淨值折讓61%,股息收益率5.1%),確認爲首選,維持其「買入」評級。(ca/u) ~
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