智通财经APP获悉，高盛发布研报称，将恒基地产(00012)2025至27财年基本每股盈利预测分别上调5%、下调1%及下调2%，至1.58港元、1.8港元及1.8港元，股息预测维持1.8港元不变。预期未来三年平均派息比率约105%，对比过去五年平均约78%。目标价微降1.5%至19.3港元，维持“沽售”评级。
恒基地产上半年每股盈利0.6港元，同比跌8%，较去年下半年跌11%。期内来自土地收回的税前收益2.4亿港元，相比去年同期的土地收回及投资物业处置收益为25亿港元。剔除一次性收益及IP重估影响，经常性基本每股盈利0.58港元，同比跌4%，较该行预期低11%，主要因物业发展(DP)利润率低于预期。中期股息维持每股0.5港元，符合该行预期。截至2025年6月底，负债比率约21%，与去年末持平，若计入母公司贷款则负债比率约43%，较去年下半年升2个百分点。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.