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《大行报告》里昂上调信置(00083.HK)目标价至13.8元 评级「跑赢大市」
阿思达克 03-01 11:14
里昂发表的研究报告指,信和置业(00083.HK)上半财年盈利跌21.3%,主要因为疫情影响到其物业租赁及酒店业务,不过考虑到公司净现金水平较高,对其派息忧虑较细,而公司已锁定未来一至两年的利润,同时亦相信2021财年或有机会派发特别息,一来因为公司50周年,二来亦因为将有大额盈利入帐,维持「跑赢大市」评级,目标价由11.7元升至13.8元。

该行指出公司上半财年盈利跌21.3%至21.43亿元,主要因为物业租赁及酒店贡献减少,期内净租赁收入跌10.9%至16.29亿元,酒店业务则录5,290万元经营亏损。截至去年底公司有逾240亿元未入帐销售,是2020财年收入的四倍,而相关利润亦较高,考虑到其盈利可见性较高,认为未来派息的确定性亦较高,加上公司估计凯汇将於今年4月获满意纸,届时交付盈利就可入帐。(el/k) ~

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