高盛:維持長實(1113.HK)目標價73.8港元不變 評級買入
高盛發表研報指,維持長實(1113.HK)目標價73.8港元,評級買入。長實12月24日宣佈出售飛機租賃公司,料獲利約13億港元。報吿引述管理層指,相信該行業在疫後出現維構性轉變,認為風險回報不太吸引。
報吿引述管理層指,出售所得款將用作集團內一般營運資金。高盛估算,若用於減債,料公司2021年末淨負債率會由現時2021年的估計9%降至0%。不過,基於相關業務於過去一年對經營溢利貢獻約佔3%,因此若出售完成,該行將相應下調2022、23年非物業經營溢利貢獻佔比2個百分點,至20%、24%。

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