智通财经APP获悉，高盛发布研报称，华润置地(01109)上半年核心利润同比下降7%至100亿元人民币，低于该行对2025财年持平的盈利预期，主要受拨备拖累。业绩发布后，高盛将润地2025-2027财年营收预测平均调升4%，大致维持2025-2027财年每股盈利预测。在纳入最新土地收购后，该行将2025年净资产值(NAV)从每股40.6港元上调至42.2港元，基于NAV折让10%，目标价从36.5港元上调至38港元。
展望未来，高盛对润地利润率复苏持乐观态度，原因包括其土地储备持续聚焦一线/二线城市、新盘销售结构优化、新收购项目今年迄今现金利润率已见改善，且加速但严谨的土地储备策略持续以盈利为优先，为利润增长提供保障。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.