智通财经APP获悉,摩根士丹利发布研报称,考虑前景仍充满挑战,维持希慎兴业(00014)“减持”评级,目标价13港元。希慎去年基本溢利升11%至15.38亿元,高过该行预期7%,主要因为写字楼收入胜预期,全年每股派息持平于1.08港元,即股息率9.1%,符合预期。
该行称,希慎兴业零售租赁收入在去年下半年同比升9%,主要得益于利园一期的资产提升工程完成,且希慎广场地库去年录得正面的续租租金。写字楼方面,下半年收入同比升5%,出租率环比升1个百分点至90%。公司的净负债与股东权益的比率上升至51%,上半年为49%。2024年的现金分红为11亿港元,仍不足以覆盖估算的现金收益8亿港元。
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