大行评级丨里昂:上调九龙仓置业目标价至42.2港元,股东回报显著改善支持重评

格隆汇
Aug 07
里昂发表报告指,九龙仓置业将股息支付比率由65%提高至90%,带来惊喜;加上出售会德丰广场带动每股股息增长,展现管理层致力于提升股东回报的决心。公司现时提供与房地产投资信托基金相近的股东回报特征。重要的是,管理层表示无意调低股息支付比率。该行将九龙仓置业2026至28年每股股息预测分别上调40.1%、43.5%及43.5%,以反映较高股息支付比率及会德丰广场出售的增值影响。该行认为显著改善的股东回报足以支持重新评级;将目标价由40港元上调至42.2港元,重申“跑赢大市”评级兼视为首选股。

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