《大行報告》大摩降長實集團(01113.HK)評級至「與大市同步」 目標價下調至40元
摩根士丹利發表報告指出,長實集團(01113.HK)去年股息削減10%,與每股盈利跌幅10%一致,儘管公司重申回購承諾,但仍令人感到意外。雖然在目前不確定且高息環境下可以理解公司削減股息,惟預期會引起市場的負面反應,尤其是公司資產負債表強勁。
長實管理層考慮到選舉、地緣政治局勢緊張、中港房地產市場疲弱及高息環境下,對前景持審慎態度。
該行將長實的評級,由「增持」下調至「與大市同步」,目標價由52元下調至40元,並將其今明兩年的每股盈利預測下調20%至25%,主要受物業發展的利潤率下降等影響。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.