智通财经APP获悉，中金发布研报称，首次覆盖保利置业(00119)，给予目标价2.15港元及“跑赢行业”评级。该行预计公司2025-2026年每股盈利为0.04元人民币(下同)。
中金认为公司是少数具备高估值性价比的央企房企。市场在公司营运和估值上有预期差，看好后续经营端超预期改善，以及政策驱动行情下公司的估值修复空间。公司此前受“同业竞争”与阶段性治理不确定性影响，股价曾长期承压。随着前述问题解决，公司经营和资产品质在产业下行过程中持续改善。
2020-2024年全国与百强口径新房销售额分别累计下行44%及68%，但期间公司全口径销售额稳定在500-600亿元，产业排名逆势提升50个位次至17名。该行判断公司全年500亿元销售目标的确定性高，或预期实现同比小幅正成长。
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