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《大行報告》大摩升九龍倉置業(01997.HK)目標價至50元 降置富(00778.HK)目標價至7.3元
阿思達克 02-19 10:17
摩根士丹利發表報告,估計去年下半年香港收租股的每股經常性盈利預測按半年下跌7%,較看好零售地產多於寫字樓收租業務,指派息率是主要選股的指標。

該行指,預期九龍倉置業(01997.HK)分派會錄下跌,不過派息比率會維持,決定上調對其目標價由42元升至50元;該行下調對置富(00778.HK)目標價由7.5元降至7.3元。

大摩料置地和港鐵(00066.HK)雖然盈利都有跌幅,但見穩定的派息。而太古地產(01972.HK)則可有出售非核心資產支持,而見派息增長。

該行表示,去年下半年,香港收租股的經常性每股盈利按半年跌7%,主因香港零售業務的高空置率、負租金增長、租金優惠等,而辦公室物業則大致穩定,當中企業搬離中環,亦只有輕微影響,不過今年影響卻會見增加。

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