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大行評級|美銀:下調九龍倉置業目標價至23港元 重申“買入”評級
格隆匯 03-12 11:15
美銀證券發表研報指,九龍倉置業2024財年每股派息小幅未達預期後,重申對該股的“買入”評級,不過每股資產淨值因租金下降而減少,而將其目標價由23.5港元下調至23港元。美銀證券表示,雖然九置的零售租金在2024年下半年因銷售壓力而明顯出現疲弱,但租戶佔用成本仍維持在可控水平。該行認爲,零售銷售下降的最糟時期應已過去,因爲由3月開始比較基數變得較易,且本地零售銷售外流似乎已穩定。美銀證券將九置2025至2027財年每股派息預測下調7%至10%,料2025財年每股派息將按年下跌4%。若1個月HIBOR保持低位,該股則可能有上行空間。
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