《大行報告》中金:中海外(00688.HK)首五月銷售顯著勝同業 料全年銷售目標可實現
中金發表研究報告指出,得益於中海外(00688.HK)多年來對「主流城市、主流地段、主流產品」經營策略的堅守,公司今年首五個月的銷售表現顯著優於同業,累計銷售額已實現全年銷售目標(較2022年增長20%達3,537億元人民幣)的42%,隱含公司6至12月銷售額按年增約3.5%即可達成全年目標。
該行認為,考慮到中海外在手貨源質優量足,今年全年含宏洋可售貨源達7,900億元人民幣、不含宏洋可售貨源近6,700億元人民幣,其中40%和33%位於一線和強二線城市,該行認為其保質保量兌現全年銷售目標的可見度較高。
此外,該行考慮到中海外開年以來疫情壓制因素已基本移除,公司今年首五個月商業不動產板塊整體穩步向好,該行預計公司今年20個項目將如期入市、有望帶動商業不動產板塊穩妥實現收入按年增長30%的目標。
中金維持對中海外的盈利預測和「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7%至24.54元,對應今明兩年各8.5及7.5倍預測市盈率,較當前股價有49%的上行空間。公司當前股價交易於今明兩年的預測市盈率5.7及5倍,對應股息收益率分別為5.3%和6.1%。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.