《大行報告》花旗上調長實集團(01113.HK)目標價至55.5元 評級「中性」
花旗發表評級表示,長實集團(01113.HK)上半年錄純利129億元,按年增55%,佔該行全年預測239億元的54%,加上本港發展物業利潤入賬增加及更高的資產出售收益,其表現略優於該行預期。
該行表示,截至今年6月,由於銀行貸款減少,集團上半年淨現金達139億元,財政上處有利位置;該行表示,集團憑着充裕的現金流及可用的銀行貸款額度,看好集團能在全球內尋求更多的投資機會。該行表示,基於內地合約銷量及利潤增長緩慢,故將集團今年、明年及2024年盈利預測分別下調5.4%、7.7%及3.4%,
該行表示,即使全球前景不明朗,集團近期亦願意提高派息,中期每股派息0.43元,按年增5%。考慮年初至今該股股價表現優於同行,料再上行空間有限;目標價由50.5元上調至55.5元,維持其評級爲「中性」。
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