《大行報告》匯豐研究下調長實集團(01113.HK)目標價至74.8元評級「買入」
匯豐研究發表報告,指長實集團(01113.HK)今年上半年業績表現穩健,其中每股基礎盈利按年增長17%至3.8元,每股派息亦按年增長11%至52仙,為集團連續三年每股盈利及派息有雙位數增長。
該行下調對長實今明兩年的盈利預測分別0.8%及2.2%,以反映對集團物業發展入賬假設的調整。股份目標價亦由76.4元降至74.8元,評級維持「買入」。匯豐研究表示,視長實為行業其中一間防守性企業,因其強勁盈利可見度高,且有穩定增長的經常性收入。
匯豐另預期,長實集團需要加快收購速度,以在2020年之後維持雙位數增長。透過動用其強勁資產負債表,料可為股東創造更大價值。
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