大摩:料九龍倉置業(1997.HK)股價60日內跑輸同業 評級“減持”
摩根士丹利發表技術意見報告表示,料九龍倉置業(01997.HK)股價於60日內將跑輸同業。
該行指,香港零售疲弱,8月份零售銷售按年下跌23%,是史上最大跌幅,本港10月1日旅客量按年跌60%,顯示零售銷售情緒仍弱。加上九龍倉置業市盈率過去一直跟隨香港零售銷售按年趨勢表現,該行未來12個月預測市盈率為12.7倍,股息回報率5%,並較淨資產值折讓47%,但若零售租金下跌,淨資產值有下行風險。
大摩相信出現上述股價跑輸同業的機會達80%以上,給予九龍倉置業“減持”評級,目標價48港元。
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