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大行評級|瑞銀:上調嘉裏建設目標價至21.4港元 重申為本地發展商中首選股
格隆匯 03-20 14:15

瑞銀髮表研報指,嘉裏建設2024年撇除特殊項目影響及及投資物業的非現金公允價值變動後基礎溢利按年增加25%,超越該行預期,全年派息每股1.35港元,意味股息回報率達7.1%。考慮到公司旗下上海旗艦項目金陵華庭需求強勁,項目二期亦將於今年第四季推出,預測一旦在未來兩年有逾220億元的銷售款入賬,其列賬淨負債比率將大幅降至21%。

管理層表明將繼續專注於去槓桿,併為股東提供穩定股息,另外正考慮將位於上海嘉裏華庭及香港中半山豪宅Branksome Crest由租轉售,瑞銀相信可能會進一步釋放價值,將目標價由20.1港元上調至21.4港元,今明兩年盈利預測分別上調14%及1%,重申為本地發展商中的首選股,評級“買入”。

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