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麦格理下调太古地产(1972.HK)目标价至35.86港元评级“跑赢大市”
格隆汇 08-07 15:35

麦格理发表报告指,维持对今年下半年零售销售进一步放缓的预期,而太古地产(01972.HK)旗下位于金钟的零售物业更是处于「风眼」,东涌东荟城亦受到旅客减少的负面影响,因此该行已对太古广场、东荟城及太古城中心的零售收益预测进行调整。

数据显示,今年上半年太古广场商场零售额按年跌4.2%,相对于海港城及时代广场则分别跌0.6%及3.6%。当中原因除了零售市道疲弱外,Harvey Nichols因装修而5月底起暂停营业亦有所影响。

不过报告补充,相对于本地地产商,太古地产拥有较强防守力,主因香港零售物业只占其资产净值15%,香港写字楼物业则占45%,该业务具韧性,同时内地投资物业续录增长。该行下调其2019至2020年盈利预测5.6%及4%,目标价由37.19港元降至35.86港元,维持“跑赢大市”评级。

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