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高盛升恒地(0012.HK)评级至“买入”上调目标价至53港元
格隆汇 07-24 11:37

高盛发表报告指,恒地(00012.HK)联席主席李家诚在5月的周年股东大会上表示,只要集团继续健康增长,将继续偏好送红股及其股息政策。该行估算,此代表集团未来两至三年的派息年均复合增长率至少达10%,符合该行及市场的增长6%预测。

该行相信,恒地管理层承诺未来派息增长,将可进一步增加投资者对集团的信心,特别是在行业进入更不稳定阶段的时候。该行预期,恒地今明两年的股息收益率分别达4.3%及4.7%。该行料,恒地於2019年至2021年每股全年分派各为1.85、2.03及2.24元。

高盛表示决将恒地投资评级,由“中性”上调至“买入”,并纳入该行「确信名单」名单,将目标价由47港元升至53港元,此估值较每股资产净值(NAV)折让30%(此前予其估值较NAV折让40%)。

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