You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
《大行》花旗:綠城中國(03900.HK)上半年表現亮眼 維持「買入」評級 目標價升至13.5元
阿思達克 08-26 14:35
花旗研究報告表示,綠城中國(03900.HK)今年上半年表現亮眼,包括行業前五銷售額、前三土地收購等。花旗認為,對綠城中國盈利預測信心的增長,或幫助投資者判斷股價上漲的合理性。基於2025年3月新任董事長後保持一致策略、母公司與管理層關係及強勁上半年營運,維持「買入」評級,考慮到公司強勁的營運業績及更好的前景,目標價從12.3元上調至13.5元,相當於目標市盈率9倍(此前為8倍)。 花旗認為,預計綠城中國2025年的毛利率仍承壓(包括低線城市項目減值),但新銷售毛利率約15%;認為其2025年預計自有項目銷售可達1,700億元人民幣(按年持平),位居行業前五,歸屬持股比例穩定於70%;計入花旗對其物業完工進度、銷售管道及平均售價的假設,預計今年每股淨資產值為18.96港元。
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.
uSMART
Wealth Growth Made Easy
Open Account