《大行報告》匯豐研究降信置(00083.HK)評級至「持有」 上調目標價至12.9元
匯豐研究發表的報告指,信和置業(00083.HK)上半財年基礎溢利為21億元,按年跌21%,主要因為期內無重大項目完工,公司宣派中期息每股14仙,按年持平,下半財年該行預計公司盈利將大增至82億元主要因為觀塘凱匯項目完工。該行估計今年隨著樓市復甦,公司未來數月銷售將有滿意表現,不過自7月以來其股價已升27%,同期恆指升幅僅13%,相信已大致反映該行的正面預測,例如是盈利向上及潛在派息提升等,將公司目標價由12元升至12.9元,評級由「買入」降至「持有」。
該行指出截至去年底集團未入帳合約銷售達240億元,當中逾八成是與凱匯相關,估計下半財年相關項目完工將帶動盈利表現,未來數月公司計劃推出多個住宅項目,主要項目包括是位於西九的Grand Victoria及黃竹坑站住宅項目二期,不過與凱匯比較規模相對較細。
該行將公司2021-23財年盈利預測調整0-5%,主要考慮到住宅的平均銷售呎價較高,加上對零售租金收入及酒店入住率預測有所提升。(el/a) ~
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