大行評級|瑞銀:恒隆地產中期股息遜預期 料股價將會對業績作出負面反應
瑞銀的研究報吿指,恒隆地產減中期息33%至每股0.12港元,差過市場及該行預期。假設全年每股派息以同樣幅度下跌,料公司全年息將達每股0.52港元,以目前的股價計算,股息率達9.3%,仍高過太古地產的9.0%。
瑞銀指,香港租金收入偏弱為另一負面消息,公司上半年的香港租金收入按年跌7%,而香港投資物業毛利也按年跌3個百分點,按年大致持平在79%水平。另外,內地商場租金收入僅按年跌3%,而租户則跌13%。該行料,股價將會對業績作出負面反應,而香港租金收入低過預期將會是對所有香港零售業主的負面調整。
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