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大和:信置(0083.HK)致力升股息并具防守性 目标价15.9港元
格隆汇 08-30 14:28

大和发表研究报告指,虽然信和置业(0083.HK)2019财年的基础溢利按年跌13.4%至46.71亿元,不过派息仍有所上升,令全年股息按年升3.8%,集团亦表示会在未来数年的不明朗环境下继续致力提升股息。该行认为,不明确的市况前景下信置仍有防守性,重申予其“买入”评级及目标价15.9港元。

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大和预期,信置基于手上淨现金增加至340亿元,租金总收入按年升3.8%至42亿元,加上或继续出售非核心资产,将令公司有能力提升股息,估计2020至2021年的股息率收益率达高于5%。该行又估计,早前信置已预售八成的凯汇可于2021财年入帐,届时可带动公司物业销售利润大幅上升。

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