《大行報告》中金:華潤置地(01109.HK)年初至今銷售優於同業 維持「跑贏行業」評級
中金發表報告指,華潤置地(01109.HK)年初至今銷售優於同業,預計公司上半年及全年銷售仍將保持領先身位。公司首五個月累計銷售金額按年增長76%至1,433億元人民幣,已分別達去年上半年和全年銷售金額的118%和48%。
中金預計,公司簽約銷售毛利率現已回歸至約20%,首五個月銷售權益比例維持在75%的較高水平,有望為後續利潤結算提供良好基礎。同時估計公司首五個月新增項目現已推出約140億元人民幣貨值,後續有望進一步為當年業績提供增益。
中金維持對潤地盈利預測和「跑贏行業」評級,考慮到近期投資者風偏邊際惡化,下修目標價11%至 44.07港元,分別對應9.5倍和8.6倍今明兩年市盈率和39%的上行空間。
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