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《大行》瑞銀升恆隆地產(00101.HK)評級至「買入」 目標價上調至8.4元
阿思達克 06-25 10:19
瑞銀發表報告,對恆隆地產(00101.HK)評級由「中性」升至「買入」,認為該股風險回報狀況吸引。受可持續派息、潛在資產置換及基本面展望改善所支撐,該行提升對其估值基礎,資產淨值(NAV)折讓由75%收窄至60%,目標價相應由6.1元升至8.4元。 報告指,由於恆隆地產的股息率維持在7.5%的高水平,因此下行風險似乎有限。值得注意的是,目前的以股代息安排將比預期提早六個月結束,即在2025財政年度業績公布後結束。 展望未來,該行認為出售東半山豪宅「御峰」,以及內地零售業銷售額持續復甦,將為集團帶來潛在催化劑。另外,該行對恆隆地產2025至2027年基本盈利預測上調1%至2%,反映利息支出預測獲下調。
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