大行评级|美银:上调九龙仓集团目标价至23港元,增派股息属正面消息

格隆汇
Aug 12
美银证券发表研究报告指,九龙仓集团中期核心盈利同比跌17%至17亿港元,较该行预测低11%,主要由于内地发展物业减值增加及投资收入减少;中期股息由0.2港元倍增至0.4港元(包括特别股息0.2港元),属正面消息,但仍可能低于投资者较进取的预期,因之前姊妹公司九龙仓置业提高派息比率。管理层表明倾向将资金用于再投资,尤其聚焦香港发展物业,该行预期有助提升资产周转率。该行将九龙仓集团2026至2028年每股盈利预测分别下调18%、8%及7%,以反映发展物业销售步伐较缓慢的预期,今年度每股派息预测上调33%,2027及2028年预测则下调2%及7%,目标价由21港元上调至23港元,维持“中性”评级。

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