研報掘金丨國泰君安:保利發展3月銷售降幅相比2月有所收窄,維持“增持”評級
國泰君安研報指出,保利發展(600048.SH)3月銷售降幅相比2月有所收窄,分別實現簽約面積和簽約金額153萬方、270億元,分別同比減少37.0%、46.3%。整體來看2024年1季度,公司實現簽約面積367萬方,同比減少41.8%;實現簽約金額630億元,同比減少44.8%。和行業下行趨勢一致,預計後續供給端和需求端政策還將繼續發力。未來兩年現金分紅率翻倍,股息率上升至4.7%左右。此外,公司的拿地權益比依然維持在90%以上。維持增持評級,維持目標價20.66元。
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