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《大行報告》里昂降希慎(00014.HK)評級至「跑贏大市」 股息率吸引力遜同業
阿思達克 02-23 10:53
里昂下調對希慎(00014.HK)今明兩年盈利預測18.1%及23.1%,反映對其聯營住宅項目銷售及盈利能力假設下調,目標價由20.3元降至14.2元,投資評級由「買入」降至「跑贏大市」,基於其8.2厘股息率對比同業吸引力下降。 該行指,受辦公室市場疲弱及零售物業組合翻新影響,希慎經常性基本溢利按年跌11.2%。該行對希慎削減25%派息感到失望,但理解管理層對業務挑戰的憂慮。該行亦指,管理層有意在削減派息後維持穩定漸進派息政策,該行認為目前60.5%派息比率與新冠疫前相若,並相信更具可持續性。
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