《大行報告》星展升恆地(00012.HK)目標價至28.1元 強勁住宅銷售釋放價值
星展發表研究報告指,恆基地產(00012.HK)去年度基礎盈利按年基本持平,達到約97億元,低於該行預期,部分是由於期內物業發展盈利較預期少所致。
惟該行表示,自政府2月底撤銷樓市辣招以來,市場情緒改善,恆地旗下新盤銷售表現強勁,有助釋放價值,不足一個月住宅銷售收益料達到約59億元,加上約177億元合約銷售入賬,預期公司短期物業發展利潤有充分保證。
星展表示,看好恆地在本地發展商中持有最多的農地儲備,憧憬未來任何北部都會區發展利好消息都將提振市場情緒,推動股價進一步上升;另投資物業組合拓展所帶來盈利質量提升,亦有助提升估值,給予「買入」評級,目標價由24.7元升至28.1元。
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