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研报掘金|海通证券:维持美的置业“优于大市”评级 合理价值8.55-9.98港元

Research Report Nuggets | Haitong Securities: Maintains Midea Real Estate's “superior to market” rating with a reasonable value of HK$8.55-9.98

Gelonghui Finance ·  Sep 22, 2023 15:21
Haitong released a research report saying that Midea's real estate rating is "better than the big market". Taking into account the significant advantages in the financing side, the soil storage structure has been gradually adjusted to the high-energy core cities, with a reasonable value range of HK $8.55-9.98 for 23 years with an EPS of 1.31 yuan. As of the end of June 2023, the company's gross profit margin and net profit margin were 13.2% and 2.2% respectively. The bank believes that the decline in gross profit margin is mainly due to the high unilateral cost of the confirmed project and the increase in the provision for impairment of property development projects that show signs of impairment. In addition, through intensive management, group management and sales expense rate were steadily controlled in the first half of 23 years.

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