《大行報告》美銀證券降長實集團(01113.HK)目標價至48元 評級「買入」
美銀證券發表報告稱,長實集團(01113.HK)股價短期料因全年股息出乎預期削減一成而受到打擊,不過令人欣慰的是長實仍然堅持每年回購股份作為其資本回報的一部分。
該行稱,預計投資者最終將關注到長實將是香港樓市暫時復甦的受惠者,且其槓桿率僅3%,同時亦認為長實資產淨值(NAV)折讓63%以及去年5.6%的股息率屬吸引。
該行降其今明兩年核心盈測介乎5%至12%,反映內地發展物業銷售預測被下調,並料今年每股派息按年持平,但實際取決於管理層對行業及宏觀經濟的評估;不過因應對其NAV預測降低,下調其目標價4%,由50元降至48元,重申「買入」評級。
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.