高盛:重申長實集團(1113.HK)中性評級 目標價上調至61港元
高盛發表研究報吿指,長實集團(1113.HK)今年上半年的每股盈利及每股基本盈利均低於該行預期,主要由於較少的物業發展項目銷售入帳所致,集團派發中期息每股0.41港元,按年升21%,高於該行預期的0.37港元,該行將長實目標價由59港元上調至61港元,重申中性評級。
該行指,高盛於中國物業發展項目的銷售符合預期,儘管相關項目的盈利較低,但集團於中國物業發展項目的銷售利潤率約55%,與之前兩個半年度情況相符。另外,集團上半年在投資物業方面的盈利高於預期,主要受香港及海外業務盈利收益高於預期所致,至於其他業務的EBIT亦高於該行預期。
高盛將長實今年、明年及2023年的盈利預測分別下調15%、7%及1%,但上調今年、明年及2023年的每股派息預測7%、12%及2%。

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