You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
大和:下調領展房產基金(0823.HK)目標價至84港元 評級“買入”
格隆匯 05-12 13:28

大和發表報告,將領展房產基金(0823.HK)目標價調低13.93%,由97.6港元減至84港元,維持“買入”評級。

該行稱,領展現時面臨的問題,屬週期性多於結構性,並認為未來面對零售市場重整。現時市場上仍有空間,領展在香港零售市場中增加其市佔率,該行不認為現時領展已錯過增長時期,還表示市場應留意買入機會。

該行還稱,認為現時領展的市場定位並不太差,實際上在下行週期中,看到其零售組合較其他香港同業表現強,另外,在改善租户和客户質素上有擴大市場份額空間。雖然領展指出物業重估將會出現虧損, 但由於對現金流並無影響,相信不會影響及減少派息,該行不認為領展會削每單位分派,現時股息率已升至逾4%,過去十年少有市價會處股息率逾4.5%水平。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account