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大摩:予绿城中国(03900)“增持”评级 目标价8.26港元

Damo: Target price of HK$8.26 for Greentown China (03900) “plus” rating

Zhitong Finance ·  May 13 11:18

Damo believes that Greentown China's (03900) stock price has about 70% to 80% chance of outperforming its peers within 30 days.

The Zhitong Finance App learned that Morgan Stanley released a research report saying that it believes Greentown China's (03900) stock price will have about 70% to 80% chance of outperforming its peers within 30 days, giving it a target price of HK$8.26, giving it a “gain in weight.” The bank expects Greentown China's dividend rate to reach a high level of 7% to 9% from 2024 to 2026, and will benefit from potential dividend tax exemptions from southbound dividend tax.

The bank pointed out that with its high-quality saleable resources, Greentown China's subscription sales increased by about 50% year-on-year during the May 1st Labor Day holiday, which is clearly better than the 30% year-on-year decline of its peers. The bank believes that the company is the main beneficiary of the recent relaxation of the housing provident fund policy in Hangzhou, and believes that due to its rich project launch plans, the company's real estate sales performance in the second quarter will continue to outperform.

The translation is provided by third-party software.


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