智通财经APP获悉，摩根士丹利发布研报称，信和置业(00083)2026上半财年业绩符预期，期内基础溢利同比大致持平于22.2亿港元，但因股份基础扩大，每股基础盈利同比下跌6.3%至0.24港元;中期息维持0.15港元不变。该行认为以股代息选项或于短期内停止，并预期公司或于末期业绩时公布进行股份回购及增加股息。该行现予信置“与大市同步”评级，目标价10.6港元。
截至去年12月底，公司净现金较上半年增加19亿港元至514亿港元，主要受惠于物业销售收款增加。利息收入则同比下跌14%，受港元同业拆息下跌影响。随着楼价回升，实体市场强劲势头持续，2026上半财年录得应占销售额为64亿港元，2026年至今亦录得15亿港元合约销售。该行预期香港住宅物业发展利润率或已见底，并基于未确认销售额仍有46亿港元，而且2023年后购入的土地预期利润率较高，估计利润率将达高单位数。
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