大行評級|瑞銀:予希慎興業“中性”評級 去年基本溢利符合預期且派息維持不變
瑞銀髮表研究報告,指希慎興業去年基本溢利按年升11%至15.38億港元,符合預期,主要受惠於零售租賃收入按年升9.5%、奢侈品旗艦店擴張以及資產提升工程後正面的續租租金。公司派息同樣維持不變,全年每股派息持平於1.08港元,管理層強調目標維持穩定的派息政策。
該行亦提到,公司的淨負債由去年上半年的48%升至50%,而短期融資方面,將有87億港元及22億港元的債務分別在今明兩年到期,應可被現金資源190億港元所覆蓋。該行對希慎目標價11港元,評級“中性”。
瑞銀指出,希慎的香港寫字樓收入去年下半年按年跌1.5%,按半年持平,主要因爲對甲級寫字樓的需求持續疲軟,公司亦稱續租租金跌幅有所收窄,公司寫字樓組合的出租率由去年6月底的89%微升至去年12月底的90%。
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