As of June 5th, GeLongHui reports that Zheshang Securities recently released a research report stating that China Merchants Shekou Industrial Zone Holdings (001979.SZ) is a leading comprehensive development and operation service provider. Its city-focused strategy has driven sales and exceeded expectations for profitability. The Q1 2024 performance exceeded expectations, and the gross margin began to recover, indicating that the company's urban-focused strategy has shown results. The bank believes that the company, as a high-quality leading real estate company, has demonstrated outstanding performance in sales, investment, financing, and land reserves, highlighting its industry competitiveness. In addition, under the premise of stabilizing its real estate development business, the company is continuously developing diversified business such as asset operation and urban services to enhance its long-term competitiveness. It is believed that the company will ultimately benefit from the optimization of the real estate supply-side structure, and its profitability and valuation are expected to improve significantly. The company is expected to achieve a net income attributable to the parent of 7.8 billion, 9.3 billion, and 10.4 billion yuan from 2024 to 2026, with corresponding EPS of 0.86, 1.03, and 1.15 yuan. Zheshang maintains a “buy” rating on the stock.
研报掘金丨浙商证券：维持招商蛇口“买入”评级 城市聚焦战略效果逐步显现
Zheshang maintains its "buy" rating for China Merchants Shekou Industrial Zone Holdings: City-oriented global strategy gradually manifests effects, according to the research reports.
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