大行評級|大摩:下調領展目標價至41港元 下調每單位分派預測
摩根士丹利發表研究報吿,指領展末期每單位分派較上半財年增長近2%,優於原先所憂慮數字。該行認為,雖然受制於港人北上消費熱潮,但料短期內領展每單位分派仍可維持在這個水平,受高出租率、低佔用成本,以及上財年簽約數字較高所支撐。大摩預期,中國內地、中國香港和新加坡的續租租金調整將為領展帶來正面影響,而債務成本仍將控制在4%以下,又預計跨境出行支出將在今年次季達到高峯。
該行將集團2025至26財年的每單位分派預測下調2%至4%,以反映香港租金收入下跌。該行將其最新目標價由48港元降至41港元,續予“增持”評級。
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