《大行報告》摩通一舉升希慎(00014.HK)評級至「增持」 目標價上調至26元
摩根大通發表報告指,基於希慎(00014.HK)可持續的現金流及鞏固在銅鑼灣市場份額的改善工作,認為年初至今其股價大幅調整是不合理;該行表示,隨著香港零售銷售持續復甦,預料希慎股息率與美國10年期國債收益率的差距將持續收窄。
該行將希慎今年及明年收入預測下調2.5%及2.2%,同時核心淨利潤則下調7%及7.7%,以反映大埔住宅項目銷售進度緩慢;另外,該行亦將在2023年至24年每股分派預測下調0.7%。
摩通將希慎目標價由20元上調至26元,相當於今年底止每股資產淨值(NAV)預測折讓62%,較歷史均值低出一個標準差,考慮展望改善及零售業復甦,估值基礎與收租股同業看齊,並將其投資評級由「減持」一舉升至「增持」。
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