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《大行報告》里昂下調九龍倉置業(01997.HK)評級至「跑輸大市」目標價降至48元
阿思達克 08-07 10:43

里昂以「暴風雨前的平靜」為題發表九龍倉置業(01997.HK)的報告,指上半年業績表現穩健,基本盈利按年增長3%,主要受租金收入按年增長4%所帶動,惟相信未來受到中美貿易糾紛升級、港元兌人民幣轉強、本港經濟增長放緩及社會持續動盪影響,「風暴」已逐漸形成。香港6月零售數字亦錄得2016年8月以來最差表現,按年跌6.7%。

該行認為零售業弱勢短期內未必得到解決,將九龍倉置業2019年至2021年盈利預測調低6.5%至14%,目標價相應自60元下調至48元,預測股息率4.4%,評級亦自「跑贏大市」降級至「跑輸大市」,並籲投資者在零售前景好轉前避開該股。

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