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《大行報告》匯豐研究下調新地(00016.HK)目標價至111元 業績較預期疲弱
阿思達克 09-11 10:17
匯豐研究發表報告指,新地(00016.HK)全年度業績差過市場預期,基礎盈利239億元,按年跌17%,主要因為來自香港物業銷售貢獻減少,管理層維持全年每股派息4.95元,派息比率60%,高於以往十年的40%至50%水平,反映在短期盈利波動下,管理層對持續收入增長有信心。該行相信新地盈利已走出谷底,在投資物業租金回升、以及未入賬物業銷售280億元之下,相信情況開始改善,維持「買入」評級,目標價由117.6元下調至111元。 該行預期新地2024財政年度物業銷售額溫和增長,對元朗Yoho West及屯門Novo Land第三期項目有信心,但因應啟德區有大量供應,對公司在啟德的兩個項目持審慎看法。
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