One United Properties (initiated at) BUY, TP RON 1.7 - Capitalizing on Romanian love for house ownership
Recently listed, Bucharest focused, developer of residential properties and office spacesAttractive growth profile, looking at the top-down market dynamics and bottom up fundamentals
We expect strong profit dynamics in the next years as the current projects will be completed and income recognition is generally skewed towards the end of projects
The company wants to diversify its revenue stream, so in the coming years it will expand its portfolio of rental properties, also ONE has enough land bank to develop 4k new apartments
Initiation with a BUY rating especially given the not too demanding valuation which leaves ample upside
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.