銀河聯昌:降新地(0016.HK)目標價至124港元 評級“增持”
新鴻基地產(0016.HK)公佈全年度業績後,遭銀河聯昌調低目標價,由131港元降至124港元,以反映租金和銷售增長放緩,維持“增持”評級,只要盈利不大幅下滑,公司未來幾年有望維持穩定的派息。
銀河聯昌下調新地2021-22財年每股純益預測11%-14%。
報告指出,隨着中國發布新規以限制地產商債務驅動型擴張,中國土地市場或降温,資產負債良好的新鴻基或面臨更多土地儲備擴張機會。
新地截至今年6月30日止年度錄得純利約235億港元,按年跌47.6%;基礎利潤下降9%至大約294億港元;每股基本盈利8.12港元;派末期股息每股3.7港元,全年每股派息4.95港元,與上年度全年派息相同。

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