《大行》里昂:恒隆地产(00101.HK)目标价升至7.7元 评级维持“持有”

阿斯达克财经
Jul 31, 2025

里昂研究报告指出,恒隆地产(00101.HK) 上半年业绩符合预期,中期股息保持不变。其中国内地租户销售自去年第四季以来呈现连续改善,但2025年上半年整体租户销售仍受奢侈品销售下降拖累。鉴于疲弱的市场情绪及出境旅游正常化尚未好转,里昂预计未来12个月奢侈品销售将持续下降。里昂又考虑到美联储降息预期更明朗,及恒隆中国租户销售的连续改善,里昂将每股资产净值(NAV)相对目标价折让缩窄,从78%收窄至...

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