GLONGHUI August 8 | Zhongtai Securities Research Report on the 7th pointed out that sales of Chinese enterprises (600675.SH) are growing rapidly, have abundant low-cost, high-quality land reserves, good financial conditions, and obvious financing advantages. At the same time, they rely on the Shanghai Real Estate Group to promote the urban transformation strategy, and are expected to fully benefit in the future. Currently, the company's PB is below the industry average, and considering that most of the company's land reserves are located in the core area of Shanghai, it is believed that the current valuation is still relatively underestimated. The company's net profit for 23-25 years is estimated to be 155/19.3/2.42 billion yuan. The corresponding PE is 15.8/12.7/10.1 times, respectively, giving the company an “increase in holdings” rating.
研报掘金丨中泰证券：中华企业当前估值仍相对低估，予“增持”评级
Research Report Nuggets | Zhongtai Securities: The current valuations of Chinese companies are still relatively underestimated, giving them an “increase in holdings” rating
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