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《大行報告》花旗微升太古地產(01972.HK)目標價至27.9元 評級「買入」
花旗發表研究報告,指太古地產(01972.HK)多元化的中港物業組合,有助其業務更具韌性,雖然該行對本港甲級寫字樓有負面看法,但維持予太地「買入」評級,目標價由27.8元微升至27.9元。 報告形容太地上半年業績符預期,核心純利37.16億元,相當於該行原先全年預測的52%。該行看好其港島東的700萬平方尺物業組合,將會比更他以中區爲核心的收租股更具防守性;內地商場疫情後錄強勁的零售銷售表現,帶動上半年零售收入增40%,料持續帶來續租租金增長;新投資物業料帶來額外租金收入貢獻;太地亦積極進行資產循環,包括去年11月出售太古城中心1期等,相信公司會繼續尋找機會,釋放資產淨值折讓。 隨着公司展現決心逐漸提升每股分派,花旗稱,太地現估值相當於股息收益率4.3%,每股分派有上行空間,屬吸引。
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