大行評級|摩根大通:恒隆地產中期派息遠遜預 料股價作負面反應 目標價為6.3港元
摩根大通發表研究報吿指,恒隆地產宣派中期息12港仙,按年削減33%,遠遜於該行所預測的下降19%。如果假設全年派息同樣下滑33%,意味着潛在股息收益率將為8.2%,與其他在港經營租賃業務的地產商基本一致,但仍低於股息確定性最高的太古地產。雖然恒隆地產下調派息屬市場預期之中,但下調幅度比預測更大,因此料其股價將出現負面反應。
摩通續提到,恒隆地產於購物商場的租金收入疲弱,證實了零售銷售疲軟的憂慮,相信在奢侈品零售額出現改善之前,市場情緒將持續負面。該行予集團“中性”評級,目標價為6.3港元。
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