交银国际发表报告指，参加了领展(00823.HK) 静默期前简报会。获悉截至6月30日，其香港零售及写字楼出租率维持高位，分别为97.5%及99.2%，澳洲及新加坡零售出租率分别达99.5%及98.4%，管理层预期香港零售续租租金可录得低单位数的上调，而内地资产大致保持稳定。
报告指，领展预料利息支出会逐渐回落，为进一步的并购创造更有利的环境。截至2024年3月底，领展净负债比率为19.8%，公司认为有空间提高比率至不高于30%，相等于约240亿元的额外债务或超过300亿元的收购额。领展计划通过基金管理平台模式来管理公募和私人资本，从而扩大其管理规模和管理费收入来源。
该行指，看到领展的业务保持平稳，租金有望轻微上升，未来进一步减息将有助提升股息收益。该行维持领展“买入”评级及目标价47.7元不变。(ha/k)(港股报价延迟最少十五分钟。沽空资料截至 2024-10-07 16:25。)
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