金吾财讯 | 汇丰环球研究发研报指，自2024年3月以来，九龙仓集团(00004)股价已回调约33%，跑输恒生指数39个百分点。市场已经对该公司的盈利增长前景产生担忧。2024-25年市场共识盈利预测在过去六个月已下调19-21%，接近该行谨慎的盈利预测。该行指，虽然九龙仓在香港的房地产销售业务或会受益于减息周期，但2025财年预测股息率2.2%以及温和盈利增长可能不够吸引。该行仍对公司业务基本面感到担忧，但将评级由“减持”上调至“持有”，指当前估值已经很大程度反映了该行对九龙仓增长的担忧。目标价维持17.3港元。
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