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《大行报告》汇丰研究下调恒地(00012.HK)目标价至23.3元 评级「减持」
阿思达克 03-24 12:28
汇丰研究发表报告,指恒地(00012.HK)去年度业绩逊预期,基本盈利跌26%至146亿元,同时亦取消红股派发政策,令市场失望,而管理层指会於明年重新评估再派红股的可能,虽然明白政策可有助公司保留更多现金,以应对不稳定的环境,但相信股价会因此而下跌。

该行指,在农地置换未有新进展,及出售非核心项目的情况,公司有下行的重估风险,维持「减持」评级,目标价由32.9元降至23.3元。

该行又指,在三大业务板块中,只有物业租赁方面经营溢利升0.6%,而公用能源跌5.9%,物业销售跌42.4%,主因无出售非核心项目,及内地完工量下跌。未来租赁业务因新型肺炎疫情而令不确定性增加,而新项目亦需较长时间等收成。

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