《大行報告》花旗下調希慎(00014.HK)目標價至28.9元 評級「買入」
希慎興業(00014.HK)去年虧轉盈賺13.83億元,上年同期蝕25.47億元,派第二次中期股息1.17元,按年持平。花旗發表研究報告,指希慎上財年核心盈利按年跌11.3%至18.71億元,超該行預期4.5%,主因物業發展活動利息開支資本化。花旗指,希慎在奢侈品零售的敝口,在本地收租股中僅次於九龍倉置業(01997.HK),受累於疫情爆發及短期沒有通關憧憬。
報告稱,由於希慎手頭現金充裕,加上預期今年下半年疫情形勢趨於穩定,相信希慎將能夠維持穩定的每股派息1.44元,即使今年預測經常性盈利料進一步下降。該行指希慎現價計股息率約6.3%,重申其「買入」評級,目標價由31.4元下調至28.9元。
儘管變種病毒Omicron的爆發,令香港與內地何時可以通關沒有任何可見性,但大部分負面因素已被反映。一旦疫情開始好轉將會帶來上行空間,另外希慎在奪取新發展項目上也轉趨積極。
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