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《大行報告》中金升越秀地產(00123.HK)目標價至11.65元 評級「跑贏行業」
阿思達克 06-09 11:51
中金發表研究報告指出,越秀地產(00123.HK)按100股供30股的供股獲輕微超購,淨籌83億元。在房地產行業不景氣的情況下,自公司於4月份宣布供股以來,股價累跌28%。該行相信市場已充分消化越秀稀釋每股收益的影響,該股現價相當於今明兩年的預測市盈率分別6.6倍及6.4倍。 該行認為,越秀作為廣州的國企,擁有財務穩健及土地資源充足,長遠而言預期公司銷售及盈利增長將高於同業。而越秀供股或有助於今年進一步土地收購,並推動未來的銷售增長。 此外,該行維持對越秀今年盈利預測不變,但基於項目交付速度的調整,對其明年盈利預測上調6%至48億元人民幣,相當於按年增長11%。維持對其「跑贏行業」連級,目標價上調15%至11.65元。
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