《大行报告》美银美林升奥园(03883.HK)目标价至12.6元评级「买入」
美银美林报告指奥园(03883.HK)重建项目总额接近2,200亿元人民币,以潜在可售资源计,当中74%位於大湾区城市。预期来自市区重建项目转换至土地储备的可售资源在
2019年、2020-21年及2022年或以上将分别达人民币720亿元、1,040亿元及440亿元。
整体而言,该行预期公司盈利增长能力将维持强劲,因为合约销售稳固,土储优质及有大量旧改资源,单位地价成本合理。
该行认为奥园估值吸引,将2019-2021年每股盈利预测上调7%、9%及9%,目标价由11.6元升至12.6元,维持「买入」评级。
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