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花旗:予恆隆地產(0101.HK)“買入”評級 目標價21.6港元
格隆匯 01-28 16:28

花旗發研報指,相信長遠而言中國奢侈品零售續增長,預計恆隆地產(0101.HK)將在2022年中期和年終報吿有強勁的業績,這可能成為股價的催化劑。該行重申“買入”評級,予目標價由21.6港元。該行預計,恆隆的經常性利潤在2021至24財年應以每年高單位數或更高的速度增長,推動每股股息持續增長,當前估值有吸引力。報吿提到,集團在內地業務方面,在中國共有10間商場,當中有7間被認為是奢侈品商場,均錄得強勁的銷售業績,預計其商場業務將繼續跑贏整個中國市場。

該行表示,集團的2021財年的基本盈利按年增長4%至43.65%億港元,原因是較高的內地租金貢獻部分被較高的淨利息支出和税收所抵銷。其核心租賃業務按年穩健增長16%至74.62%億港元,與該行預期的75.43億元基本一致。全年每股派息上升2仙至每股0.78港元。

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