《大行报告》瑞信维持长实集团(01113.HK)「跑赢大市」评级 目标价51.9元
瑞信发表研究报告,指长实集团(01113.HK)上半年基本盈利跌35.6%至84亿元,主因期内英国酒吧业务「见红」和酒店业务受新冠疫情影响,中期息按年收缩34.6%至34港仙,逊市场预期。
报告称,物业发展的经营溢利扩20%至90亿元,上海项目进账53亿元,公司拟透过扩大资产负债表杠杆,正积极寻求并购机会,所以部分解释了为何上半年派息比率低於预期。
该行降长实集团今年盈利预期8%,以反映该行下调对其酒店、酒吧、航空租赁业务盈测,2021至2022年则下调约1%,目标价维持51.9元,评级「跑赢大市」。
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