中金:下調領展房產基金(0823.HK)目標價至79港元 評級“跑贏大市”
中金公司發表報告,將領展房產基金(0823.HK)目標價下調18%至79港元,維持“跑贏大市”評級。
該行稱,領展在零售續租租金方面正受到前所未有的挑戰,相信在零售增長輕微,以及租用成本飽和下,今年續租租金增長或只有個位數字。同時,領展願意犧牲部分續租租金去維持租户生存空間,但相信超市及街市銷售仍然穩定,兩者佔總銷售40%-50%。
該行還稱,領展將完成悉尼100 Market Street交易,又預計短期內不會進行資產回收,同時隨着資本化率更可能進一步擴大,未來或會出現更好機會。該行表示,領展穩健的財務支持機會性收購,並可以進一步回購基金單位。

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