大行評級|里昂:下調長和目標價至58港元但維持“增持”評級 仍存在價值機會
里昂研究報吿指,受惠於美匯走弱,以及HIBOR和EURIBOR下調,長和全年至今的經常性盈利維持穩定。然而,該行仍將2025年和2026財年的經常性利潤預測下調17%至18%,主要因下調對金融與投資和其他部門的盈利預測;預計基於40%的盈利作派息,2025至2027財年股息只會稍微增長。報吿指,長和現價目前較NAV折讓49%,該行將目標價由61港元下調至58港元,維持“增持”評級,因為仍然存在價值機會。報吿又提到,最近中美之間貿易緊張局勢紓緩,應該有利於長和早前公佈的港口交易。然而,交易是否會順利進行,以及具體將如何進行,仍是未知之數。
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