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《大行報告》大摩升領展(00823.HK)評級至「增持」 目標價維持62元
阿思達克 03-29 10:16
大摩發表報告指,自領展(00823.HK)公布其供股計劃後,其股價已回調約20%,超出該行估計供股對賬面值及每單位分派帶來的8%至11%分薄效應;考慮供股權已於3月16日停止交易,料沽售壓力將消退。考慮其5.7%股息率、強勁資產負債表以及增長重新加速,該股提供一個具吸引力的切入點。 該行指,公司截至去年9月底止上半財年續租租金升幅擴至8.5%,高於2022財年下半年的5.8%升幅,上半財年租戶進駐成本降至12.6%;租戶銷售額則升3.8%,並料於下半財年進一步上升。 大摩補充,供股後槓桿比率下降,支持未來與財團夥伴合作收購活動及未來增長。該行維持領展目標價62元,將其評級由「與大市同步」升至「增持」。
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