长城证券 建议“增持”招商局

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招商局主营业务以房地产为主,以供水供电、物业租赁为辅,后两者可为公司提供大量稳定的现金流,以支持房地产开发业务的投入。 目前蛇口未用的土地中,可用于房地产开发的超过80万平米,都是大股东的储备,已承诺由招商地产独家开发。蛇口之外,公司在深圳市八卦 The main business of China Merchants is mainly real estate, supplemented by water supply and power supply and property leasing. The latter two provide a large amount of stable cash flow for the Company to support the investment in real estate development business. Currently unused land in Shekou, more than 800,000 square meters of real estate development can be used, are the reserves of major shareholders, has been promised by the exclusive development of China Merchants Property. Shekou, the company gossip in Shenzhen
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