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《大行報告》匯豐研究下調新地(00016.HK)目標價至145.2元 評級「買入」
阿思達克 09-13 10:42

匯豐發表研究報告,指新地(00016.HK)2019財年業績穩健,基礎溢利按年升6.6%至324億元。全年每股派息上升6.5%至4.95元,意味派息比率44.3%。雖然由於市場的不確定性,或會令租金收入表現有放緩,但其強勁的合同銷售表現應會為公司創造良好的盈利前景。

該行預期已有超過73%的2020財年物業銷售已鎖定,並預期核心盈利將會按年增長7.3%至348億元,並認為公司是少數能在目前的環境抓住投資機會的本地發展商。在8月份,公司成立了一家合營公司,並以133億元人民幣在杭州收購了一項綜合項目。

該行重申其「買入」投資評級,惟下調2020至2021財年盈利預測11至13%,目標價相應由163.2元降至145.2元,以反映該行對其平均售價及銷售預測的修訂,以及租金收入較低的預期。

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