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《大行報告》花旗微升置富產業信託(00778.HK)目標價至8.88元 評級「買入」
阿思達克 08-08 11:03
花旗發表研究報告指,自2021財年將派息比率下調至90%後,置富產業信託(00778.HK)今年將派息比率恢復至100%,令人感到驚喜,預期股價會出現正面反應,重申「買入」評級,並維持列為中小型房地產行業首選股之一。 該行認為,置富產業信託的投資組合具韌性,將受惠於新一輪消費券計劃所帶來的本地零售市道復甦趨勢。該行又指,香港似乎已轉為採取「與病毒共存」的抗疫策略,預期再次實施嚴格隔離措施的機會似乎較低,因此相信置富產業信託再次削減派息比率的可能性較小,預測置富產業信託於2022至2024財年每股派息年複合增長率可達3%,目標價由8.86元微升至8.88元。 花旗指出,置富產業信託出租率水平保持健康,達到93.9%,租戶留存率為81%,上半年續租租金下調幅度進一步收窄至中單位數,倘不再收緊社交距離措施,預計下半年租金調整將轉為中性甚至略微正面。
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