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《大行报告》汇丰研究下调恒地(00012.HK)目标价至23.4元 评级「减持」
阿思达克 08-21 11:46
汇丰研究发表研报告指,恒地(00012.HK)中期业绩疲弱,充满不确定性。公司上半年基础盈利按年跌23%至52亿元,继续看到其各种业务的营运挑战,尤其是物业租赁业务。而在土地转换及非核心资产处置活动上亦没有甚麽进展。因此,虽然公司的财务状况良好,但短期催化剂有限,派息的可持续性亦是市场另一忧虑,维持对公司「减持」投资评级。

该行认为,派息的不确性或持续拖累股价表现。公司中期每股派息维持0.5元。与同业的取态不同,管理层不愿就派息作出任何承诺,表示在目前市场环境下,公司具备财务能力,但将会在下半年重新审视派息的情况,以提高公司的灵活性。该行相信这会削弱长期股东的投资信心。

该行将恒地目标价由原来的23.8元下调至23.4元,以反映其业务面临更高风险,因为大部分都受到疫情打击。

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