Jinwu Financial News | According to the Everbright Securities Research Report, Yuexiu Real Estate (00123) achieved revenue of 80.2 billion yuan in 23 years, with a core net profit of 3.5 billion yuan. According to Kiri data, Q1 achieved full-caliber sales of 21.7 billion yuan in 2014, ranking 10th in the sales list. According to the bank, since new home sales are still under pressure, the company's gross margin is expected to remain under pressure in the short term, but performance is expected to gradually pick up, driven by an increase in the settlement scale.
Considering that new home sales across the country are still under pressure, or increasing the company's sales and gross margin repair pressure, the bank lowered the company's 24-25 basic EPS forecast to 0.89/1.03 yuan (the original forecast was 1.00/1.21 yuan), the new company's basic EPS forecast for 2026 was 1.12 yuan, and the current stock price corresponds to 4.1/3.5/3.2 times the 24-26 PE (basic) valuation. The company has actively strengthened its core city layout in recent years. Sales performance is excellent, the financial capital situation is stable, optimistic about the company's development potential, and maintains a “buy” rating.