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美银证券:领展(0823.HK)投资物业估值跌幅符预期 评级买入
格隆汇 05-07 15:27

美银证券发表报告指,领展(0823.HK)公布其投资物业于今年3月底止年度的独立估值,按半年录得12%下跌,跌幅符合该行预期,并应被投资者良好预期(股价年初至今下跌18%)。

该行表示,更为重要的是香港爆发新型肺炎疫情后,零售业复苏的力度,以及疫情会否于冬季再次出现。虽然难以预测的疫情带来下行风险,投资者对零售业的预期亦普遍看淡,但该行认为领展的杠杆率较低,且专注于日常必需品,因此有利好的风险回报。

美银维持对领展的“买入”评级,目标价78港元,预期集团2020财年的每单位分派为2.786港元,按年增长2.7%,2021财年则为2.818港元,按年上升1.2%。

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