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《大行》摩通:恆隆地產(00101.HK)表現回穩 升評級至「增持」目標價10元
阿思達克 07-31 11:04
摩根大通研究報告指,對恆隆地產(00101.HK)轉為更樂觀,因見到內地租戶銷售回穩,按年跌幅由今年首季的7%收窄至次季的1%。管理層指,改善趨勢已延續至7月,對下半年持審慎樂觀態度,預期銷售將持平或輕微增長,改善情況亦與LVMH等奢侈品牌近期的說法一致。雖然該行不預期會有強勁復甦,但回穩跡象已足以觸發首輪重新評級。加上管理層確認全年股息將維持不變,且無發行可轉債計劃,兩大投資者的疑慮已獲緩解。 因此,該行將公司評級由「中性」上調至「增持」,目標價由7.5元升至10元,並認為公司的6.5%股息收益率在同行中仍具吸引力,而且該股在行業內表現最差,最多自高位下跌51%,而同行跌幅為7%,有追落後的空間。
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