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《大行报告》花旗降长实集团(01113.HK)评级至「沽售」 指减派息令人失望
阿思达克 08-07 10:14
花旗发表研究报告,指长实集团(01113.HK)受到新冠肺炎疫的明显影响,包括中环办公室和奢侈品零售、香港酒店、豪宅市场、中国投资组合、英国酒吧、航空租赁等。

该行预期,长实集团2020至2022年盈利会下跌,主因香港住宅物业的完工数字下跌,降低经常性收入。公司亦无为未来派息作出指引,预期今年削30%,股息率为3.3%,低於同业,故将股份评级由「中性」降至「沽售」,目标价由37.4元降至34.3元,估值相当每股资产净值折让65%。

花旗指,长实集团下半年将推日出康城Sea to Sky项目,同时波老道豪宅项目亦需时出售。公司目前未入账销售降至279亿元,主要来自上海两个项目。该行表示,上半年公司表现逊预期,特别是派息减35%是令人意外。

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