《大行報告》花旗下調恆隆地產(00101.HK)目標價至21.6元 評級「買入」
花旗發表報告,相信中國奢侈品零售是一個長期增長的故事,但投資者擔心國內奢侈品銷售表現在邊境重新開放後的影響,因此預計恆隆地產(00101.HK)將在2022年繼續錄得強勁的業績,不過仍擔憂境內奢侈品消費流向境外。該行將恆隆地產目標價由21.8元下調至21.6元,目前估值意味股息率達4.9%,屬吸引水平,重申「買入」評級。
花旗預計,恆隆地產經常性利潤在2021至2024財年應以每年高單位數或更高的速度增長,帶動每股股息持續增加。在銷售勢頭強勁下,意味着未來2至3年的租金回升速度非常好,預計恆隆地產旗下的商場將繼續跑贏整個中國市場。
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