高盛:重申华润置地(01109)“买入”评级 目标价升至36港元

智通财经网
28 Mar

智通财经APP获悉,高盛发布研报称,重申华润置地(01109)“买入”评级,目标价上调至36港元。华润置地2024财年基础利润为254亿元人民币,同比下降8%,但超出高盛预期22%。管理层预计合同销售利润率将在2025年触底回升。

高盛预计,公司发展物业业务的报告毛利率将从2025至2026年期间的约16%恢复至2027年的18%。预测未来三年其合同销售中有35%用于土地储备,这将推动自由现金流持续扩张,支持潜在的股息派发增加。该行估计其2025至2027年期间平均自由现金流收益率为11%。

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10