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《大行報告》麥格理升領展(00823.HK)評級至「跑贏大市」 目標價下調至70.58元
阿思達克 06-02 10:24
麥格理發表報告表示,領展(00823.HK)全年每基金單位分派2.87元,大致符合市場預期,惟估值有所下跌;至於香港零售及停車場業務之資本化率擴大0.26個百分點。

報告補充,面對今年香港零售疲弱,領展因以必需品消費為主,業務表現仍優於市場,而下半財年店舖續租錄約12.6%的升幅,管理層則預期未來會出現續租租金下跌的情況,但該行相信最壞情況已過去且料其2021年度有穩定租金回報,除非出現第二波疫情。

該行下調其2021至2022年核心盈利預測5.7%及6.3%,且每基金單位分派均降3.9%,以反映近期零售及續租的情況,目標價相應由73.31降至70.58元,惟將評級由「中性」升至「跑贏大市」。

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